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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 ₹100.00 per share . The lot size for an application is 65. The minimum amount of investment required by an retail is ₹5,850 (65 shares). 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 Date | September 27, 2010 to September 29, 2010 |
| Listing Date | October 14, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹90 to ₹100 per share |
| Issue Price Final | ₹100 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 50,20,000 shares (aggregating up to ₹50.20 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,20,20,000 shares |
Sea TV Network IPO offers total 50,20,000 shares. Out of which 25,10,000 (50.00%) allocated to QIB, 7,53,000 (15.00%) allocated to NII, 17,57,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum 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%) |
Sea TV Network IPO opens on September 27, 2010, and closes on September 29, 2010.
| IPO Open Date | Mon, Sep 27, 2010 |
| IPO Close Date | Wed, Sep 29, 2010 |
| Tentative Listing Date | Thu, Oct 14, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 29, 2010 |
Investors can bid for a minimum of 65 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 946.25 | 796.34 | 581.25 | 453.13 | 175.05 |
| Profit After Tax (PAT) | 150.52 | 102.17 | 59.97 | 25.17 | 2.08 |
| KPI | Values |
|---|---|
| RoNW | 15.33% |
The Company Sea TV Network 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 | 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. | 275.18 |
| 2 | Setting up network for complete IPTV solution. | 52.84 |
| 3 | Setting up of own cable distribution (underground optical fiber) network capable of digital transmission throughout Agra City and adjoining areas. | 65.60 |
| 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. | 155.51 |
| 5 | Meeting the expenses of the issue | 47.37 |
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.
| Listing Date | October 14, 2010 |
| BSE Script Code | 533268 |
| NSE Symbol | |
| ISIN | INE351L01016 |
| Final Issue Price | ₹100 per share |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹120.00 |
| Low | ₹105.05 |
| High | ₹126.15 |
| Last Trade | ₹106.00 |
Sea TV Network Ltd.
148, Manas Nagar,
Shahganj, Agra- 282010
Shahganj, Uttar Pradesh
Phone: 0562-4036666
Email: admin@seatvnetwork.com
Website: http://www.seatvnetwork.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: stnl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sea TV Network IPO is a main-board IPO of 50,20,000 equity shares of the face value of ₹10 aggregating up to ₹50.20 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 65.
The IPO opens on September 27, 2010, and closes on September 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 September 27, 2010 and closes on September 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 Thursday, October 14, 2010.
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