stock_updates
01-11-2011, 04:29 PM
Midvalley IPO fully subscribed on 2nd day:
At 16:00 IST, Chennai-based Midvalley Entertainment's initial public offer (IPO) was subscribed 1.10 times on the second day of subscription. The IPO garnered bids for 1.03 crore shares, compared with 93.75 lakh shares on offer. ( NSE Report)
Company Profile:
It is a film production, distribution and exhibition company, actively engaged in the media and entertainment industry in South India. It has presence in the media and entertainment activity from concept to completion i.e. from script to screen. It produces, distribute and exhibit movies both in Indian and foreign languages. The company also operates and manages a chain of 69 theatres in distribution territories of Hyderabad and Tamil Nadu.
Issue proceeds would be used for entering into screening agreements with 300 cinema theatres; renovation and up-gradation of cinema infrastructure with digital equipment and other related assets for a select 100 screens; and acquisition of company, acquisition of screening rights of company having similar line, range and objects of business.
Issue Details:
Issue Open: Jan 10, 2011 - Jan 12, 2011
Issue Size: Rs 60 Crore
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 64 - Rs 70 Per Equity Share
Market Lot: 95 Shares
At 16:00 IST, Chennai-based Midvalley Entertainment's initial public offer (IPO) was subscribed 1.10 times on the second day of subscription. The IPO garnered bids for 1.03 crore shares, compared with 93.75 lakh shares on offer. ( NSE Report)
Company Profile:
It is a film production, distribution and exhibition company, actively engaged in the media and entertainment industry in South India. It has presence in the media and entertainment activity from concept to completion i.e. from script to screen. It produces, distribute and exhibit movies both in Indian and foreign languages. The company also operates and manages a chain of 69 theatres in distribution territories of Hyderabad and Tamil Nadu.
Issue proceeds would be used for entering into screening agreements with 300 cinema theatres; renovation and up-gradation of cinema infrastructure with digital equipment and other related assets for a select 100 screens; and acquisition of company, acquisition of screening rights of company having similar line, range and objects of business.
Issue Details:
Issue Open: Jan 10, 2011 - Jan 12, 2011
Issue Size: Rs 60 Crore
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 64 - Rs 70 Per Equity Share
Market Lot: 95 Shares