Bookbuilding IPO | ₹50 Cr | Listed at BSE | Mon, Sep 27, 2010 - Wed, Sep 29, 2010
Sea TV Network IPO is a book build issue of ₹50.20 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹50.20 crore.
Sea TV Network IPO bidding started from Sep 27, 2010 and ended on Sep 29, 2010. The shares got listed on BSE on Oct 14, 2010.
Sea TV Network IPO price band is set at ₹100 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹6,500 (65 shares) (based on upper price). The lot size investment for sNII is 31 lots (2,015 shares), amounting to ₹2,01,500, and for bNII, it is 154 lots (10,010 shares), amounting to ₹10,01,000.
Chartered Capital & Investment Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Sea TV Network IPO RHP for detailed Information.
IPO Open
Mon, Sep 27, 2010
IPO Close
Wed, Sep 29, 2010
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹120.20 Cr
| IPO Date | 27 to 29 Sep, 2010 |
| Listed on | Thu, Oct 14, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹90 to ₹100 |
| Issue Price | ₹100 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 50,20,000 shares (agg. up to ₹50 Cr) |
| Fresh Issue | 50,20,000 shares (agg. up to ₹50 Cr) |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,20,20,000 shares |
| BSE Script Code | 533268 |
| ISIN | INE351L01016 |
Sea TV Network IPO comprises a total issue size of 50,20,000 shares. Out of which, 25,10,000 (50.00%) are allocated to QIB, 7,53,000 (15.00%) allocated to NII 17,57,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 25,10,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 7,53,000 | 15.00% | NA |
| Retail Shares Offered | 17,57,000 | 35.00% | 27,030 |
| Total Shares Offered | 50,20,000 | 100.00% |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹6,500 |
| Retail (Max) | 30 | 1,950 | ₹1,95,000 |
| S-HNI (Min) | 31 | 2,015 | ₹2,01,500 |
| S-HNI (Max) | 153 | 9,945 | ₹9,94,500 |
| B-HNI (Min) | 154 | 10,010 | ₹10,01,000 |
Incorporated in 2004, Sea TV Network Ltd is an Agra (U.P) based company engaged in providing services of a Multi System Operator (MSO) to various Local Cable TV operators of Agra and adjoining areas. Sea TV has its own local channels, programmes of which are produced by its own production team. These local channels mainly focus on Agra city/U.P State news/events and information, which is more relevant to the city viewers.
Sea TV proposes to adopt latest technology i.e. IPTV for providing TV channels to its viewers. They already have a network of about 150 franchisees throughout Agra city.
| 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 | Setting up complete Digital Headend and network for implementation of Conditional Access System (CAS) to convert from the present Analog system to distribution to a Digital System. | 27.52 |
| 2 | Setting up network for complete IPTV solution. | 5.28 |
| 3 | Setting up of own cable distribution (underground optical fiber) network capable of digital transmission throughout Agra City and adjoining areas. | 6.56 |
| 4 | Setting up own 20 branch-offices in the city including in the adjoining areas with required infrastructure for receiving digital signals and re-transmitting the same without much value addition through co-axial cables to individual customers/subscribers. | 15.55 |
| 5 | Meeting the expenses of the issue | 4.74 |
| KPI | |
|---|---|
| RoNW | 15.33% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.997% | 58.23% |
| Market Cap | ₹120.20 Cr. |
The Sea TV Network IPO is subscribed 9.58 times on September 29, 2010 6:00:00 PM (Day 3). The public issue subscribed 7.45 times in the retail category, 1.66 times in the QIB category, and 40.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.66 | 27,88,888 | |
| NII | 40.94 | 8,36,667 | |
| Retail | 7.45 | 19,52,222 | |
| Total | 9.58 | 55,77,777 |
ICRA has assigned an IPO Grade 1 to Sea TV Network Ltd IPO. This means as per ICRA company has 'Poor Fundamentals'. ICRA 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 ICRA IPO Grading Document for Sea TV Network Ltd.
Sea TV Network IPO, Sea TV IPO, Sea TV IPO Bidding, Sea TV Network IPO Allotment Status, Sea TV drhp and Sea TV Network Ltd IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management Fees | 1.11 |
| 2 | Underwriting Commission | 0.55 |
| 3 | Selling Commission | 0.55 |
| 4 | Advertisement and Marketing expenses | 0.30 |
| 5 | Printing and Stationery | 1.00 |
| 6 | Registrar to the Issue | 0.10 |
| 7 | Others (legal fee, listing fee, etc) | 1.12 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹120.00 |
| Low | ₹105.05 |
| High | ₹126.15 |
| Last Trade | ₹106.00 |
Lead Manager Reports
Sea TV Network IPO is a main-board IPO of 50,20,000 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 65.
The IPO opens on Mon, Sep 27, 2010, and closes on Wed, Sep 29, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Sea TV Network IPO using UPI as a payment gateway. Zerodha customers can apply in Sea TV Network IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sea TV Network IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sea TV Network IPO opens on Mon, Sep 27, 2010 and closes on Wed, Sep 29, 2010.
Sea TV Network IPO lot size is 65, and the minimum amount required for application is ₹6,500.
You can apply in Sea TV 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 Sea TV Network IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sea TV Network IPO allotment status.
The Sea TV Network IPO listing date is on Thu, Oct 14, 2010.
