Bookbuilding IPO | ₹214 Cr | Listed at BSE, NSE | Mon, Jan 23, 2006 - Fri, Jan 27, 2006
Entertainment Network (India) IPO is a book build issue of ₹213.84 crores. The issue is entirely a fresh issue of 1.32 crore shares of ₹213.84 crore.
Entertainment Network (India) IPO bidding started from Jan 23, 2006 and ended on Jan 27, 2006. The shares got listed on the NSE and the BSE on Feb 15, 2006.
Entertainment Network (India) IPO is set final issue price at ₹162 per share.
Morgan Stanley India Co.Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Entertainment Network (India) IPO DRHP for detailed Information.
IPO Open
Mon, Jan 23, 2006
IPO Close
Fri, Jan 27, 2006
Issue Price
₹162 per share
Market Cap (Pre-IPO)
₹770.53 Cr
| IPO Date | 23 to 27 Jan, 2006 |
| Listed on | Wed, Feb 15, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹144 to ₹162 |
| Issue Price | ₹162 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,32,00,000 shares (agg. up to ₹214 Cr) |
| Fresh Issue | 1,32,00,000 shares (agg. up to ₹214 Cr) |
| Share Holding Pre Issue | 3,43,63,665 shares |
| Share Holding Post Issue | 4,75,63,665 shares |
| BSE Script Code / NSE Symbol | 532700 / ENIL |
| ISIN | INE265F01028 |
Entertainment Network (India) IPO comprises a total issue size of 1,32,00,000 shares. The net offer to the public is 1,30,00,000 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 65,00,000 (50.00%) are allocated to QIB, 19,50,000 (15.00%) allocated to NII 45,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 65,00,000 | 50.00% | 49.24% |
| NII (HNI) Shares Offered | 19,50,000 | 15.00% | 14.77% |
| Retail Shares Offered | 45,50,000 | 35.00% | 34.47% |
| Preferential Reservations | |||
| Employee Shares Offered | 2,00,000 | 1.52% | |
| Total Shares Offered | 1,32,00,000 | 100.00% | 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 |
Entertainment Network (India) Ltd is one of the India’s largest private FM radio broadcaster in terms of both operating stations and audience reach. Its radio stations operate under the brand Radio Mirchi across seven major Indian cities. It is the only private FM broadcaster with a presence in all four metropolitan cities—Delhi, Mumbai, Chennai, and Kolkata—and also the sole private FM operator in Ahmedabad, Indore, and Pune.
On January 6, 2005, the company has secured licenses to operate stations in Bangalore, Hyderabad, Nagpur, Kanpur, Lucknow, Surat, and Jaipur.
In addition to radio broadcasting, the company has diversified into event management and out-of-home (OOH) media through our brands 360° and Times Out-of-Home Media. These businesses were previously managed by the promoter, TIML, and recently been transferred to our subsidiary, TIMPL. Through our OOH media division, the company offer advertising opportunities by marketing space across a wide network of outdoor media sites to advertisers and agencies.
Competitive strengths:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 81.00 | 63.39 | 68.03 | 87.30 |
| Total Income | 49.46 | 76.23 | 56.95 | 20.99 |
| Profit After Tax | 11.05 | -17.90 | -29.30 | -40.19 |
| NET Worth | 44.75 | 33.70 | 51.59 | 80.89 |
| Reserves and Surplus | 10.83 | -93.27 | -65.37 | -36.07 |
| Total Borrowing | 0.04 | |||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | OTEF and Migration Fee payments under the Phase II Policy | 145.00 |
| 2 | Investment in the Subsidiary | 10.00 |
| 3 | General Corporate Purposes | 25.80 |
| Total | 180.80 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 24.69 | -53.11 |
| Price to Book Value | 12.28 | 2.95 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -5.21 | 4.65 |
| P/E (x) | -31.11 | 34.86 |
| Promoter Holding | 98.7% | 71.3% |
| Market Cap | ₹770.53 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 6.40 |
| 2 | Advertising and marketing expenses | 3.00 |
| 3 | Printing and stationery expenses | 3.20 |
| 4 | Others | 1.00 |
| Total | 13.60 |
| Price Details |
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| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
Lead Manager Reports
Entertainment Network (India) IPO is a main-board IPO of 1,32,00,000 equity shares of the face value of ₹10 aggregating up to ₹214 Crores. The issue is priced at ₹162 per share. The minimum order quantity is .
The IPO opens on Mon, Jan 23, 2006, and closes on Fri, Jan 27, 2006.
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 Entertainment Network (India) IPO using UPI as a payment gateway. Zerodha customers can apply in Entertainment Network (India) IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Entertainment Network (India) IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Entertainment Network (India) IPO opens on Mon, Jan 23, 2006 and closes on Fri, Jan 27, 2006.
Entertainment Network (India) IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Entertainment Network (India) 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 Entertainment Network (India) IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Entertainment Network (India) IPO allotment status.
The Entertainment Network (India) IPO listing date is on Wed, Feb 15, 2006.
