Bookbuilding IPO | ₹105 Cr | Listed at BSE, NSE | Mon, Jan 15, 2007 - Thu, Jan 18, 2007
Global Broadcast News IPO is a book build issue of ₹105.00 crores. The issue is entirely a fresh issue of 0.42 crore shares of ₹105.00 crore.
Global Broadcast News IPO bidding started from Jan 15, 2007 and ended on Jan 18, 2007. The shares got listed on BSE, NSE on Feb 8, 2007.
Global Broadcast News IPO price band is set at ₹250 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,250 (25 shares) (based on upper price). The lot size investment for sNII is 33 lots (825 shares), amounting to ₹2,06,250, and for bNII, it is 161 lots (4,025 shares), amounting to ₹10,06,250.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Global Broadcast News IPO RHP for detailed Information.
IPO Open
Mon, Jan 15, 2007
IPO Close
Thu, Jan 18, 2007
Issue Price
₹250 per share
Market Cap (Pre-IPO)
₹668.20 Cr
| IPO Date | 15 to 18 Jan, 2007 |
| Listed on | Thu, Feb 8, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹230 to ₹250 |
| Issue Price | ₹250 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 42,00,000 shares (agg. up to ₹105 Cr) |
| Fresh Issue | 42,00,000 shares (agg. up to ₹105 Cr) |
| Share Holding Pre Issue | 2,25,28,163 shares |
| Share Holding Post Issue | 2,67,28,163 shares |
| BSE Script Code / NSE Symbol | 532800 / TV18BRDCST |
| ISIN | INE886H01027 |
Global Broadcast News IPO comprises a total issue size of 42,00,000 shares. The net offer to the public is 40,00,000 shares, after excluding 2,00,000 shares under a preferential allotment. Of the Net offer 24,00,000 (60.00%) are allocated to QIB, 4,00,000 (10.00%) allocated to NII 12,00,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 24,00,000 | 60.00% | 57.14% | NA |
| NII (HNI) Shares Offered | 4,00,000 | 10.00% | 9.52% | NA |
| Retail Shares Offered | 12,00,000 | 30.00% | 28.57% | 48,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,00,000 | 4.76% | NA | |
| Total Shares Offered | 42,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,250 |
| Retail (Max) | 32 | 800 | ₹2,00,000 |
| S-HNI (Min) | 33 | 825 | ₹2,06,250 |
| S-HNI (Max) | 160 | 4,000 | ₹10,00,000 |
| B-HNI (Min) | 161 | 4,025 | ₹10,06,250 |
| 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 |
Global Broadcast News Limited (GBN) operates one of India’s leading 24-hour English language news and current affairs channel, ‘CNN-IBN’. CNN-IBN was launched in December, 2005 and has consistently been ranked as India’s No. 2 English language news channel.
Global Broadcast News Limited has also share subscription cum shareholders agreement with the Gupta family, BK Fincap Private Limited and others and has acquired significant equity shareholding in BK Fincap Private Limited which is the holding company of Jagran TV Private Limited, which owns Channel 7, a 24-hour Hindi language news and current affairs channel.
GBN is also part of the TV 18 group, which owns and operates some of India’s leading business channels and internet portals such as CNBC-TV18, Awaaz, South Asia World, www.moneycontrol.com and www.commoditiescontrol.com, etc.
| 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 | Issue expenses | 7.97 |
| 2 | Further investment for expansion into Hindi news genre by investment in BK Fincap Private Limited | 45.85 |
| 3 | Repayment of a loan of the company | 25.00 |
| 4 | General Corporate Purposes | 26.18 |
The GBN IPO is subscribed 48.74 times on January 18, 2007 5:00:00 PM (Day 4). The public issue subscribed 42.76 times in the retail category, 35.26 times in the QIB category, and 170.4 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 | Lead management, underwriting and selling commission | 2.63 |
| 2 | Advertisement & Marketing expenses | 0.51 |
| 3 | Printing, stationery including transportation of the same | 3.27 |
| 4 | Others (Registrar’s fees, Legal fees, listing fees, etc.) | 1.56 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹250.00 | ₹250.00 |
| Open | ₹417.10 | ₹425.00 |
| Low | ₹381.25 | ₹425.00 |
| High | ₹524.00 | ₹518.80 |
| Last Trade | ₹510.10 | ₹505.90 |
Lead Manager Reports
Global Broadcast News IPO is a main-board IPO of 42,00,000 equity shares of the face value of ₹10 aggregating up to ₹105 Crores. The issue is priced at ₹250 per share. The minimum order quantity is 25.
The IPO opens on Mon, Jan 15, 2007, and closes on Thu, Jan 18, 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 Global Broadcast News IPO using UPI as a payment gateway. Zerodha customers can apply in Global Broadcast News IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Global Broadcast News IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Global Broadcast News IPO opens on Mon, Jan 15, 2007 and closes on Thu, Jan 18, 2007.
Global Broadcast News IPO lot size is 25, and the minimum amount required for application is ₹6,250.
You can apply in Global Broadcast News 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 Global Broadcast News IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Global Broadcast News IPO allotment status.
The Global Broadcast News IPO listing date is on Thu, Feb 8, 2007.
