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Raj Television Network IPO is a book build issue of ₹91.78 crores. The issue is a combination of fresh issue of 0.23 crore shares aggregating to ₹58.43 crores and offer for sale of 0.13 crore shares aggregating to ₹33.35 crores.
Raj Television Network IPO bidding started from Feb 14, 2007 and ended on Feb 23, 2007. The shares got listed on BSE, NSE on Mar 16, 2007.
Raj Television Network IPO price band is set at ₹257.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹5,525 (25 shares). The lot size investment for sNII is 32 lots (800 shares), amounting to ₹2,05,600, and for bNII, it is 156 lots (3,900 shares), amounting to ₹10,02,300.
The issue includes a reservation of up to 3,24,384 shares for employees offered at a discount of ₹0.00 to the issue price.
Vivro Financial Services Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue.
Refer to Raj Television Network IPO RHP for detailed Information.
| IPO Date | February 14, 2007 to February 23, 2007 |
| Listing Date | March 16, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹221 to ₹257 per share |
| Issue Price Final | ₹257 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 35,71,244 shares (aggregating up to ₹91.78 Cr) |
| Fresh Issue | 22,73,694 shares (aggregating up to ₹58.43 Cr) |
| Offer for Sale | 12,97,550 shares of ₹10 (aggregating up to ₹33.35 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,07,04,642 shares |
| Share Holding Post Issue | 1,29,75,342 shares |
Raj Television IPO offers total 35,68,250 shares. Out of which 16,21,933 (45.45%) allocated to QIB, 4,86,580 (13.64%) allocated to NII, 11,35,353 (31.82%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 16,21,933 (45.45%) | NA |
| NII (HNI) Shares Offered | 4,86,580 (13.64%) | NA |
| Retail Shares Offered | 11,35,353 (31.82%) | 45,414 |
| Employee Shares Offered | 3,24,384 (9.09%) | NA |
| Total Shares Offered | 35,68,250 (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 |
Raj Television Network IPO opens on February 14, 2007, and closes on February 23, 2007.
| IPO Open Date | Wed, Feb 14, 2007 |
| IPO Close Date | Fri, Feb 23, 2007 |
| Tentative Listing Date | Fri, Mar 16, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 23, 2007 |
Investors can bid for a minimum of 25 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 | 25 | ₹6,425 |
| Retail (Max) | 31 | 775 | ₹1,99,175 |
| S-HNI (Min) | 32 | 800 | ₹2,05,600 |
| S-HNI (Max) | 155 | 3,875 | ₹9,95,875 |
| B-HNI (Min) | 156 | 3,900 | ₹10,02,300 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Raj Television Network Limited is a regional media house, running entertainment channels in the Tamil language. Raj Television Network presently broadcast two widely viewed channels 'Raj TV' and 'Raj Digital Plus' ("Raj TV Network") which together make them one of the largest regional satellite television broadcasters in Tamilnadu.
Raj Television Network also holds rights for around 1368 Tamil films comprising of old classics to recent blockbuster films.
| KPI | Values |
|---|---|
| RoNW | 10.34% |
The Company Raj Television 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 | Strengthen facilities, enhancement of content base and content acquisition | 90.70 |
| 2 | Launch of New Television Channel | 106.80 |
| 3 | Overseas Broadcasting of our Channels | 37.50 |
| 4 | Production of Short-films/ Tele-films | 62.50 |
| 5 | New Studio | 71.50 |
| 6 | Acquisition and Export of films broadcasting rights | 50.00 |
| 7 | General Corporate Purposes | 109.15 |
| 8 | Issue Expenses | 55.42 |
| Listing Date | March 16, 2007 |
| BSE Script Code | 532826 |
| NSE Symbol | RAJTV |
| ISIN | INE952H01027 |
| Final Issue Price | ₹257 per share |
| BSE Listing Group | B1 |
Raj Television Network Ltd.
Raj Television Network Limited,
32, Poes Road, Second Street,
Teynampet, Chennai 600 018
Chennai, Tamil Nadu
Phone: + 91 44 2433 4149
Email: ipo@rajtvnet.in
Website: http://www.rajtvnet.in
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: rajtv@cameoindia.com
Website: https://ipo.cameoindia.com/
Raj Television Network IPO is a main-board IPO of 35,71,244 equity shares of the face value of ₹10 aggregating up to ₹91.78 Crores. The issue is priced at ₹257 per share. The minimum order quantity is 25.
The IPO opens on February 14, 2007, and closes on February 23, 2007.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Raj Television Network IPO using UPI as a payment gateway. Zerodha customers can apply in Raj Television Network IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Raj Television Network IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Raj Television Network IPO opens on February 14, 2007 and closes on February 23, 2007.
Raj Television Network IPO lot size is 25, and the minimum amount required for application is ₹6,425.
You can apply in Raj Television Network 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 Raj Television Network IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Raj Television Network IPO allotment status.
The Raj Television Network IPO listing date is on Friday, March 16, 2007.
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