Bookbuilding IPO | ₹91 Cr | Listed at BSE, NSE | Mon, Feb 21, 2005 - Fri, Feb 25, 2005
UTV Software Communications IPO is a book build issue of ₹91.00 crores. The issue is a combination of fresh issue of 0.45 crore shares aggregating to ₹58.50 crores and offer for sale of 0.25 crore shares aggregating to ₹32.50 crores.
UTV Software Communications IPO bidding started from Feb 21, 2005 and ended on Feb 25, 2005. The shares got listed on NSE and BSE on Mar 17, 2005.
UTV Software Communications IPO is set final issue price at ₹130 per share.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to UTV Software Communications IPO RHP for detailed Information.
IPO Open
Mon, Feb 21, 2005
IPO Close
Fri, Feb 25, 2005
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹253.42 Cr
| IPO Date | 21 to 25 Feb, 2005 |
| Listed on | Thu, Mar 17, 2005 |
| Face Value | ₹10 per share |
| Price Band | ₹115 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 69,99,950 shares (agg. up to ₹91 Cr) |
| Fresh Issue | 45,00,000 shares (agg. up to ₹59 Cr) |
| Offer for Sale | 24,99,950 shares of ₹10 (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 1,49,93,608 shares |
| Share Holding Post Issue | 1,94,93,608 shares |
| BSE Script Code / NSE Symbol | 532619 / UTVSOF |
| ISIN | INE507B01022 |
UTV Software Communications IPO comprises a total issue size of 69,99,950 shares. The net offer to the public is 66,50,000 shares, after excluding 3,49,950 shares under a preferential allotment. Of the Net offer 33,25,000 (50.00%) are allocated to QIB, 16,62,500 (25.00%) allocated to NII 16,62,500 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 33,25,000 | 50.00% | 47.50% |
| NII (HNI) Shares Offered | 16,62,500 | 25.00% | 23.75% |
| Retail Shares Offered | 16,62,500 | 25.00% | 23.75% |
| Preferential Reservations | |||
| Employee Shares Offered | 3,49,950 | 5.00% | |
| Total Shares Offered | 69,99,950 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Incorporated in 1990, UTV Software Communications Limited is one of India's leading integrated media and entertainment companies with a strong presence across television content production, movie production & distribution, animation, and airtime sales & syndication.
The company started its journey as a television content producer and over the years has grown into a full-fledged entertainment powerhouse. UTV has co-produced some of Bollywood's most celebrated films including 'Fiza', 'Chalte Chalte', 'Lakshya', 'Swades' and 'Rang De Basanti' — all featuring top stars like Shah Rukh Khan, Hrithik Roshan and Aamir Khan. The company has also signed an exclusive production agreement with Rupert Murdoch's STAR for delivering two major films.
In FY 2003-04, the company reported total revenues of Rs. 97.75 crores, with movie production contributing 22.07% and airtime sales contributing 33.08% to total revenues. For the six months ended September 30, 2004, total revenues stood at Rs. 63.84 crores with movie production contributing 35.26%.
UTV has strong relationships with global entertainment majors including STAR, Disney Channel, Fox Searchlight Pictures, and SPI International. The company's animation work is broadcast across channels worldwide, and its films have found audiences in both domestic and international markets.
Competitive Strengths:
| Period Ended | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Assets | 144.69 | 131.79 | 171.95 | 140.95 |
| Total Income | 66.31 | 98.70 | 95.87 | 93.02 |
| Profit After Tax | 6.83 | 0.08 | 0.09 | 0.04 |
| EBITDA | 4.64 | 12.39 | 15.46 | 16.67 |
| NET Worth | 66.43 | 58.98 | 80.77 | 60.24 |
| Reserves and Surplus | 51.44 | 44.56 | 66.34 | 46.32 |
| Total Borrowing | 24.21 | 31.37 | 53.34 | 52.51 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure for enhancement of Production Facility/Office Infrastructure to replace the existing leased facilities-Premises, interior and set up | 10.00 |
| 2 | Capital expenditure for enhancement of Production Facility/Office Infrastructure to replace the existing leased facilities-Editing and other equipment for captive use of content production | 2.00 |
| 3 | Providing an interest free loan to subsidiary United Entertainment Solutions Private Limited for its investment in SFX/Computer Graphics and high end post production expansion | 6.00 |
| 4 | Investment in United Home Entertainment Private Limited for funding ‘Hungama Channel’ | 20.00 |
| 5 | Working capital for Movie Production Business | 15.00 |
| 6 | Working capital for Movie Distribution Business | 15.00 |
| 7 | Funds for General Corporate Purpose | 0.02 |
| 8 | Issue expenses | 5.98 |
| Total | 74.00 |
| KPI | Sep 30, 2004 | Mar 31, 2004 |
|---|---|---|
| RoNW | 20.6% | 14.4% |
| PAT Margin | 10.31% | 8.58% |
| EBITDA Margin | 6.99% | 12.56% |
| Price to Book Value | 2.64 | 2.80 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.06 | 7.01 |
| P/E (x) | 2301.45 | 18.54 |
| Promoter Holding | 56.03% | 43.11% |
| Market Cap | ₹253.42 Cr. |
The UTV Software Communications IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 26.12 | 69,99,950 | 18,28,70,888 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management Fees, Underwriting Commission and Brokerage | 3.41 |
| 2 | Marketing and Advertising Expenses | 1.00 |
| 3 | Stationary , Printing & Registrar Expenses | 0.64 |
| 4 | Legal fees, listing fees, book building charges, auditors fees | 0.45 |
| 5 | Miscelleneous | 0.48 |
| Total | 5.98 |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹130.00 | ₹130.00 |
| Open | ₹150.00 | ₹165.00 |
| Low | ₹150.00 | ₹155.00 |
| High | ₹175.45 | ₹175.40 |
| Last Trade | ₹168.55 | ₹168.50 |
Lead Manager Reports
UTV Software Communications IPO is a main-board IPO of 69,99,950 equity shares of the face value of ₹10 aggregating up to ₹91 Crores. The issue is priced at ₹130 per share. The minimum order quantity is .
The IPO opens on Mon, Feb 21, 2005, and closes on Fri, Feb 25, 2005.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in UTV Software Communications IPO using UPI as a payment gateway. Zerodha customers can apply in UTV Software Communications IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in UTV Software Communications IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The UTV Software Communications IPO opens on Mon, Feb 21, 2005 and closes on Fri, Feb 25, 2005.
UTV Software Communications IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in UTV Software Communications 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 UTV Software Communications IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the UTV Software Communications IPO allotment status.
The UTV Software Communications IPO listing date is on Thu, Mar 17, 2005.
