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Channel Nine Entertainment IPO is a fixed price issue of ₹11.72 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹11.72 crore.
Channel Nine Entertainment IPO bidding started from Feb 22, 2013 and ended on Feb 26, 2013. The shares got listed on BSE SME on Mar 12, 2013.
Channel Nine Entertainment IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹3,00,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Narayan Securities Ltd..
Refer to Channel Nine Entertainment IPO RHP for detailed Information.
| IPO Date | February 22, 2013 to February 26, 2013 |
| Listing Date | March 12, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,86,000 shares (aggregating up to ₹11.72 Cr) |
| Reserved for Market Maker | 2,40,000 shares Narayan Securities Ltd. (aggregating up to ₹0.6000 Cr) |
| Net Offered to Public | 44,46,000 shares (aggregating up to ₹11.12 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,08,40,400 shares |
| Share Holding Post Issue | 1,55,08,400 shares |
Channel Nine Entertainment IPO offers total 46,68,000 shares. Out of which 22,14,000 (47.43%) allocated to NII, 22,14,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.14%) |
| NII (HNI) Shares Offered | 22,14,000 (47.43%) |
| Retail Shares Offered | 22,14,000 (47.43%) |
| Total Shares Offered | 46,68,000 (100.00%) |
Channel Nine Entertainment IPO opens on February 22, 2013, and closes on February 26, 2013.
| IPO Open Date | Fri, Feb 22, 2013 |
| IPO Close Date | Tue, Feb 26, 2013 |
| Tentative Listing Date | Tue, Mar 12, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 26, 2013 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,50,000 |
| Retail (Max) | 1 | 6,000 | ₹1,50,000 |
| HNI (Min) | 2 | 12,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, Channel Nine Entertainment Ltd is engaged in the business of production and distribution television serials, films, corporate films, feature films, documentaries, and marketing of sports and entertainment events. It has to its credit distribution of 19 films and 5 TV Serials so far.
Company have produced, co-produced, presented and distributed the feature films like CHAMELI, AMERICAN DESI, AGNI PANKH, INSOMNIA and FUN2SHH etc. Also Channel Nine produced and distributed the TV serials like TERRA QUIZ, INDIAN LEGENDS, Khamoshi kyon and Talk Positive.
The Company Channel Nine Entertainment IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To finance the estimated expenditure of production of two (2) films | 7.00 |
| 2 | Strengthening Distribution operations | 3.50 |
| 3 | Brand building | 0.60 |
| 4 | Issue Expenses | 0.57 |
[Dilip Davda] <p> <strong>Better to avoid this expensive offer.</strong></p> Read detail review...
| Listing Date | March 12, 2013 |
| BSE Script Code | 535142 |
| NSE Symbol | |
| ISIN | INE437O01025 |
| Final Issue Price | ₹25 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹26.25 |
| Low | ₹26.25 |
| High | ₹26.25 |
| Last Trade | ₹26.25 |
Channel Nine Entertainment Ltd.
3/12,
Ground Floor,
Asaf Ali Road,
New Delhi, New Delhi, 110002
Phone: 91-11-32315575
Email: channelnineentertainment@yahoo.com
Website: http://www.channelnineentertainment.com
Beetal Financial & Computer Services Pvt.Ltd.
Phone: +91 11 29961281
Email: beetal@rediffmail.com
Website: http://www.beetalmail.com/smeipo
Channel Nine Entertainment IPO is a SME IPO of 46,86,000 equity shares of the face value of ₹10 aggregating up to ₹11.72 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on February 22, 2013, and closes on February 26, 2013.
Beetal Financial & Computer Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Channel Nine Entertainment IPO using UPI as a payment gateway. Zerodha customers can apply in Channel Nine Entertainment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Channel Nine Entertainment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Channel Nine Entertainment IPO opens on February 22, 2013 and closes on February 26, 2013.
Channel Nine Entertainment IPO lot size is 6000, and the minimum amount required for application is ₹1,50,000.
You can apply in Channel Nine Entertainment 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 Channel Nine Entertainment IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Channel Nine Entertainment IPO allotment status.
The Channel Nine Entertainment IPO listing date is on Tuesday, March 12, 2013.
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