Bookbuilding IPO | ₹92 Cr | Listed at BSE, NSE | Wed, Feb 14, 2007 - Fri, Feb 23, 2007
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 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,425 (25 shares) (based on upper price). 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 Open
Wed, Feb 14, 2007
IPO Close
Fri, Feb 23, 2007
Issue Price
₹257 per share
Market Cap (Pre-IPO)
₹333.47 Cr
| IPO Date | 14 to 23 Feb, 2007 |
| Listed on | Fri, Mar 16, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹221 to ₹257 |
| Issue Price | ₹257 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 35,71,244 shares (agg. up to ₹92 Cr) |
| Fresh Issue | 22,73,694 shares (agg. up to ₹58 Cr) |
| Offer for Sale | 12,97,550 shares of ₹10 (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 1,07,04,642 shares |
| Share Holding Post Issue | 1,29,75,342 shares |
| BSE Script Code / NSE Symbol | 532826 / RAJTV |
| ISIN | INE952H01027 |
Raj Television Network IPO comprises a total issue size of 35,68,250 shares. The net offer to the public is 32,43,866 shares, after excluding 3,24,384 shares under a preferential allotment. Of the Net offer 16,21,933 (50.00%) are allocated to QIB, 4,86,580 (15.00%) allocated to NII 11,35,353 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 16,21,933 | 50.00% | 45.45% | NA |
| NII (HNI) Shares Offered | 4,86,580 | 15.00% | 13.64% | NA |
| Retail Shares Offered | 11,35,353 | 35.00% | 31.82% | 45,414 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,24,384 | 9.09% | NA | |
| Total Shares Offered | 35,68,250 | 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 | ₹6,425 |
| 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 |
| 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 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.
| 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 | Strengthen facilities, enhancement of content base and content acquisition | 9.07 |
| 2 | Launch of New Television Channel | 10.68 |
| 3 | Overseas Broadcasting of our Channels | 3.75 |
| 4 | Production of Short-films/ Tele-films | 6.25 |
| 5 | New Studio | 7.15 |
| 6 | Acquisition and Export of films broadcasting rights | 5.00 |
| 7 | General Corporate Purposes | 10.91 |
| 8 | Issue Expenses | 5.54 |
| KPI | |
|---|---|
| RoNW | 10.34% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 72.5% |
| Market Cap | ₹333.47 Cr. |
The Raj Television IPO is subscribed 3.04 times on February 23, 2007 5:00:00 PM (Day 7). The public issue subscribed 6.92 times in the retail category, 0.39 times in the QIB category, and 4.01 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 | Book Running Lead Managers fees | 3.09 |
| 2 | Registrar to the Issue | 0.25 |
| 3 | Co-manager to the Issue | 0.17 |
| 4 | Offer Stationery | 0.75 |
| 5 | Advertising Expenses | 0.95 |
| 6 | Brokerage underwriting and selling Commission | 3.09 |
| 7 | Legal Fees | 0.04 |
| 8 | Other Expenses (incl. Filing Fees, Listing Fees, Depository Charges, etc.) | 0.38 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹257.00 | ₹257.00 |
| Open | ₹275.00 | ₹225.00 |
| Low | ₹207.10 | ₹207.20 |
| High | ₹275.00 | ₹246.65 |
| Last Trade | ₹225.95 | ₹226.00 |
Lead Manager Reports
Raj Television Network IPO is a main-board IPO of 35,71,244 equity shares of the face value of ₹10 aggregating up to ₹92 Crores. The issue is priced at ₹257 per share. The minimum order quantity is 25.
The IPO opens on Wed, Feb 14, 2007, and closes on Fri, Feb 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 Wed, Feb 14, 2007 and closes on Fri, Feb 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 Fri, Mar 16, 2007.
