Bookbuilding IPO | ₹60 Cr | Listed at BSE | Mon, Jan 10, 2011 - Wed, Jan 12, 2011
Midvalley Entertainment IPO is a book build issue of ₹60.00 crores. The issue is entirely a fresh issue of 0.86 crore shares of ₹60.00 crore.
Midvalley Entertainment IPO bidding started from Jan 10, 2011 and ended on Jan 12, 2011. The shares got listed on BSE on Jan 27, 2011.
Midvalley Entertainment IPO price band is set at ₹70 per share. The lot size for an application is 95. The minimum amount of investment required by an retail is ₹6,650 (95 shares) (based on upper price). The lot size investment for sNII is 31 lots (2,945 shares), amounting to ₹2,06,150, and for bNII, it is 151 lots (14,345 shares), amounting to ₹10,04,150.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Midvalley Entertainment IPO RHP for detailed Information.
IPO Open
Mon, Jan 10, 2011
IPO Close
Wed, Jan 12, 2011
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹239.57 Cr
| IPO Date | 10 to 12 Jan, 2011 |
| Listed on | Thu, Jan 27, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹64 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 95 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 85,71,429 shares (agg. up to ₹60 Cr) |
| Fresh Issue | 85,71,429 shares (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 2,56,53,140 shares |
| Share Holding Post Issue | 3,42,24,569 shares |
| BSE Script Code | 533310 |
| ISIN | INE422B01016 |
Midvalley Entertainment IPO comprises a total issue size of 85,71,429 shares. Out of which, 42,85,714 (50.00%) are allocated to QIB, 12,85,715 (15.00%) allocated to NII 30,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 42,85,714 | 50.00% | NA |
| NII (HNI) Shares Offered | 12,85,715 | 15.00% | NA |
| Retail Shares Offered | 30,00,000 | 35.00% | 31,578 |
| Total Shares Offered | 85,71,429 | 100.00% |
Investors can bid for a minimum of 95 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 95 | ₹6,650 |
| Retail (Max) | 30 | 2,850 | ₹1,99,500 |
| S-HNI (Min) | 31 | 2,945 | ₹2,06,150 |
| S-HNI (Max) | 150 | 14,250 | ₹9,97,500 |
| B-HNI (Min) | 151 | 14,345 | ₹10,04,150 |
Midvalley Entertainment is a multinational Media & Entertainment company operating from Chennai. Midvalley's major businesses are Exhibition and Concept Theatres, Film Production, Distribution, Hospitality and Cine Advertising, etc. It produces, distribute and exhibit movies both in Indian and foreign languages.
At present, they are with the network of 40 plus screens across southern peninsula. By 2011, the group positioning to operate 100 plus screens that includes Cineplex, Multiplex, Open Air Theatres and Concept Theatres. Midvalley also preparing well in the segments of film Production and Distribution and expected to release its next movie as by Jan 2011 during Pongal season. Current promoters of the company are Unigold Pacific, Kiara Enigma and Global Motion Pictures & Ventures Ltd.
| 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 | Entering into screening agreements with 300 cinema theatres | 15.00 |
| 2 | Renovation and Up-gradation of cinema infrastructure with Digital Equipment and other related assets for select 100 screens | 25.95 |
| 3 | Acquisition of company, acquisition of screening rights of company having similar line, range and objects of business | 12.00 |
| 4 | To meet general corporate expenses | 3.80 |
| 5 | Meeting the IPO expenses | 3.25 |
| KPI | |
|---|---|
| RoNW | 0.07% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 49.91% | 37.41% |
| Market Cap | ₹239.57 Cr. |
The Midvalley Entertainment IPO is subscribed 4.03 times on January 12, 2011 5:00:00 PM (Day 3). The public issue subscribed 9.01 times in the retail category, 0.35 times in the QIB category, and 4.68 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.35 | 46,87,500 | |
| NII | 4.68 | 14,06,250 | |
| Retail | 9.01 | 32,81,250 | |
| Total | 4.03 | 93,75,000 |
Brickworks has assigned an IPO Grade 1 to Midvalley Entertainment Ltd IPO. This means as per Brickworks, company has 'Poor Fundamentals'. Brickworks assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Brickworks IPO Grading Document for Midvalley Entertainment Ltd.
Midvalley Entertainment Ltd IPO, Midvalley Entertainment IPO, Midvalley Entertainment IPO Bidding, Midvalley Entertainment IPO Allotment Status, Midvalley Entertainment IPO drhp and Midvalley Entertainment IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee, underwriting and selling commission | 1.06 |
| 2 | Advertising and marketing expenses | 1.12 |
| 3 | Printing and stationery | 0.69 |
| 4 | Others | 0.39 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹73.00 |
| Low | ₹55.00 |
| High | ₹76.50 |
| Last Trade | ₹58.05 |
Lead Manager Reports
Midvalley Entertainment IPO is a main-board IPO of 85,71,429 equity shares of the face value of ₹10 aggregating up to ₹60 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 95.
The IPO opens on Mon, Jan 10, 2011, and closes on Wed, Jan 12, 2011.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Midvalley Entertainment IPO using UPI as a payment gateway. Zerodha customers can apply in Midvalley Entertainment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Midvalley Entertainment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Midvalley Entertainment IPO opens on Mon, Jan 10, 2011 and closes on Wed, Jan 12, 2011.
Midvalley Entertainment IPO lot size is 95, and the minimum amount required for application is ₹6,650.
You can apply in Midvalley 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 Midvalley Entertainment IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Midvalley Entertainment IPO allotment status.
The Midvalley Entertainment IPO listing date is on Thu, Jan 27, 2011.
