Bookbuilding IPO | ₹103 Cr | Listed at BSE, NSE | Fri, Feb 9, 2007 - Wed, Feb 14, 2007
Broadcast Initiatives IPO is a book build issue of ₹102.60 crores. The issue is entirely a fresh issue of 0.86 crore shares of ₹102.60 crore.
Broadcast Initiatives IPO bidding started from Feb 9, 2007 and ended on Feb 14, 2007. The shares got listed on BSE, NSE on Mar 7, 2007.
Broadcast Initiatives IPO price band is set at ₹120 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,000 (50 shares) (based on upper price). The lot size investment for sNII is 34 lots (1,700 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (8,350 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Almondz Global Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Broadcast Initiatives IPO RHP for detailed Information.
IPO Open
Fri, Feb 9, 2007
IPO Close
Wed, Feb 14, 2007
Issue Price
₹120 per share
Market Cap (Pre-IPO)
₹231.77 Cr
| IPO Date | 9 to 14 Feb, 2007 |
| Listed on | Wed, Mar 7, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹120 |
| Issue Price | ₹120 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 85,50,000 shares (agg. up to ₹103 Cr) |
| Fresh Issue | 85,50,000 shares (agg. up to ₹103 Cr) |
| Share Holding Pre Issue | 1,07,64,000 shares |
| Share Holding Post Issue | 1,93,14,000 shares |
| BSE Script Code / NSE Symbol | 532816 / BROADCAST |
| ISIN | INE698H01018 |
Broadcast Initiatives IPO comprises a total issue size of 85,50,000 shares. The net offer to the public is 84,50,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 42,25,000 (50.00%) are allocated to QIB, 12,67,500 (15.00%) allocated to NII 29,57,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 42,25,000 | 50.00% | 49.42% | NA |
| NII (HNI) Shares Offered | 12,67,500 | 15.00% | 14.82% | NA |
| Retail Shares Offered | 29,57,500 | 35.00% | 34.59% | 59,150 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 1.17% | NA | |
| Total Shares Offered | 85,50,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,000 |
| Retail (Max) | 33 | 1,650 | ₹1,98,000 |
| S-HNI (Min) | 34 | 1,700 | ₹2,04,000 |
| S-HNI (Max) | 166 | 8,300 | ₹9,96,000 |
| B-HNI (Min) | 167 | 8,350 | ₹10,02,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Broadcast Initiatives Limited, popularly known as "Sri Adhikari Brothers News & Television Network Ltd." was incorporated in year 2004.
Broadcast Initiatives Limited is in the business of broadcasting and has launched "JANMAT" channel on November 14, 2005 as news & views channel. Being a group company of Sri Adhikari Brothers Television Network Limited, Broadcast Initiatives Limited enjoys recognition and is ably supported by its network and programming experience.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Land & Construction of Studio | 9.60 |
| 2 | Purchase of Production, Post Production & Broadcasting Equipments | 41.53 |
| 3 | Prepayment of loans | 25.00 |
| 4 | General Corporate purpose | 19.65 |
| 5 | Issue Expenses | 6.82 |
| KPI | |
|---|---|
| RoNW | -41.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 55.73% |
| Market Cap | ₹231.77 Cr. |
The Broadcast Initiatives IPO is subscribed 2.76 times on February 14, 2007 5:00:00 PM (Day 4). The public issue subscribed 2.89 times in the retail category, 1.61 times in the QIB category, and 6.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management fees, underwriting & brokerage | 3.59 |
| 2 | Marketing and Advertising Expenses | 1.48 |
| 3 | Stationary, Printing & Registrar Expenses | 1.34 |
| 4 | Legal Fees, Listing fees, book building charges , auditors fees | 0.20 |
| 5 | Miscellaneous | 0.21 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹120.00 | ₹120.00 |
| Open | ₹117.00 | ₹140.00 |
| Low | ₹66.60 | ₹67.00 |
| High | ₹118.00 | ₹140.00 |
| Last Trade | ₹69.40 | ₹70.40 |
Lead Manager Reports
Broadcast Initiatives IPO is a main-board IPO of 85,50,000 equity shares of the face value of ₹10 aggregating up to ₹103 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 50.
The IPO opens on Fri, Feb 9, 2007, and closes on Wed, Feb 14, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Broadcast Initiatives IPO using UPI as a payment gateway. Zerodha customers can apply in Broadcast Initiatives IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Broadcast Initiatives IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Broadcast Initiatives IPO opens on Fri, Feb 9, 2007 and closes on Wed, Feb 14, 2007.
Broadcast Initiatives IPO lot size is 50, and the minimum amount required for application is ₹6,000.
You can apply in Broadcast Initiatives IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Broadcast Initiatives IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Broadcast Initiatives IPO allotment status.
The Broadcast Initiatives IPO listing date is on Wed, Mar 7, 2007.
