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Den Networks IPO is a book build issue of ₹364.46 crores. The issue is entirely a fresh issue of 1.86 crore shares of ₹364.46 crore.
Den Networks IPO bidding started from Oct 28, 2009 and ended on Oct 30, 2009. The shares got listed on BSE, NSE on Nov 24, 2009.
Den Networks IPO price band is set at ₹195.00 per share . The lot size for an application is 30. The minimum amount of investment required by an retail is ₹5,850 (30 shares). The lot size investment for sNII is 35 lots (1,050 shares), amounting to ₹2,04,750, and for bNII, it is 171 lots (5,130 shares), amounting to ₹10,00,350.
The issue includes a reservation of up to 2,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Antique Capital Markets Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Den Networks IPO RHP for detailed Information.
| IPO Date | October 28, 2009 to October 30, 2009 |
| Listing Date | November 24, 2009 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹195 to ₹205 per share |
| Issue Price Final | ₹195 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,85,67,240 shares (aggregating up to ₹364.46 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,19,22,735 shares |
| Share Holding Post Issue | 13,04,89,975 shares |
Den Networks IPO offers total 2,00,00,000 shares. Out of which 1,18,50,000 (59.25%) allocated to QIB, 94,54,980 (47.27%) allocated to QIB, 19,75,000 (9.88%) allocated to NII, 59,25,000 (29.63%) allocated to RII and 23,95,020 (11.98%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,18,50,000 (59.25%) | NA |
| − Anchor Investor Shares Offered | 23,95,020 (11.98%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 94,54,980 (47.27%) | NA |
| NII (HNI) Shares Offered | 19,75,000 (9.88%) | NA |
| Retail Shares Offered | 59,25,000 (29.63%) | 1,97,500 |
| Employee Shares Offered | 2,50,000 (1.25%) | NA |
| Total Shares Offered | 2,00,00,000 (100.00%) |
| 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 |
Den Networks IPO opens on October 28, 2009, and closes on October 30, 2009.
| IPO Open Date | Wed, Oct 28, 2009 |
| IPO Close Date | Fri, Oct 30, 2009 |
| Tentative Listing Date | Tue, Nov 24, 2009 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 30, 2009 |
Investors can bid for a minimum of 30 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 | 30 | ₹5,850 |
| Retail (Max) | 34 | 1,020 | ₹1,98,900 |
| S-HNI (Min) | 35 | 1,050 | ₹2,04,750 |
| S-HNI (Max) | 170 | 5,100 | ₹9,94,500 |
| B-HNI (Min) | 171 | 5,130 | ₹10,00,350 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2007, Den Networks Limited is one of the largest national cable television companies in India engaged in the distribution of analog and digital cable television services. They launched their digital cable television services in February 2008 under the brand “Digitelly”. Den Networks currently provide cable television services in the National Capital Region of Delhi and the states of Uttar Pradesh, Rajasthan, Maharashtra, Gujarat, Karnataka, Haryana, Madhya Pradesh and Kerala.
Den Networks offer up to 180 channels through their digital cable television service. Den also provides value-added services to their subscribers, such as an interactive electronic programme guide, programme reservations, “red button” initiatives, audio music channels, on-screen reminders, interactive games and parental controls. They are also planning for additional value-added services such as pay-per-view services, interactive educational programmes, personal video recording and mosaic viewing.
In January 2008, Den Networks entered into a 50:50 joint venture agreement with STAR with respect to STAR-DEN. STAR-DEN acts as a content aggregator and currently has the exclusive right to distribute 23 television channels including the entire STAR group of channels, the entire Disney group of channels, selected Network18 channels, the entire Times Group of channels etc in India, Bhutan and Nepal.
| KPI | Values |
|---|---|
| RoNW | -7.08% |
The Company Den Networks IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Invest in the development of our cable television infrastructure and services | 2,100.00 |
| 2 | Invest in the development of our cable broadband infrastructure and services | 250.00 |
| 3 | Invest in acquisition of content and broadcasting right | 100.00 |
| 4 | Repayment of certain loans | 400.00 |
| 5 | Fund expenditure for general corporate purposes | 525.81 |
ICRA has assigned an IPO Grade 3 to Den Networks Ltd IPO. This means as per ICRA, company has Average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Link to download ICRA rating document.
| Listing Date | November 24, 2009 |
| BSE Script Code | 533137 |
| NSE Symbol | DEN |
| ISIN | INE947J01015 |
| Final Issue Price | ₹195 per share |
| BSE Listing Group | B |
Den Networks Ltd.
236, Okhla Industrial Estate
Phase III
New Delhi 110 020, India
New Delhi, New Delhi
Phone: + (91 11) 4052 2225
Email: jatin.mahajan@denonline.in
Website: http://www.digitelly.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Den Networks IPO is a main-board IPO of 1,85,67,240 equity shares of the face value of ₹10 aggregating up to ₹364.46 Crores. The issue is priced at ₹195 per share. The minimum order quantity is 30.
The IPO opens on October 28, 2009, and closes on October 30, 2009.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Den Networks IPO using UPI as a payment gateway. Zerodha customers can apply in Den Networks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Den Networks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Den Networks IPO opens on October 28, 2009 and closes on October 30, 2009.
Den Networks IPO lot size is 30, and the minimum amount required for application is ₹5,850.
You can apply in Den Networks 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 Den Networks IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Den Networks IPO allotment status.
The Den Networks IPO listing date is on Tuesday, November 24, 2009.
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