Midvalley Entertainment Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,285,714 (50%) | — | ₹3,000 Cr |
| NII (HNI) | — | 1,285,715 (15%) | — | ₹900 Cr |
| Retail | — | 3,000,000 (35%) | — | ₹2,100 Cr |
| Σ Total | — | 8,571,429 (100%) | — | ₹60,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 95 | ₹6,650 |
| Retail (Max) | 13 | 1,235 | ₹86,450 |
| S-HNI (Min) | 14 | 1,330 | ₹93,100 |
| B-HNI (Min) | 67 | 6,365 | ₹445,550 |
Financial Statements Amount in Lakhs
| Metric | 31-Jul-10 | 30-Apr-10 | 30-Apr-09 |
|---|---|---|---|
| Revenue | 487 | 1,295 | 2,116 |
| Profit After Tax | 143 | 4 | 47 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Entering into screening agreements with 300 cinema theatres – 15.00
- 2 Renovation and Up-gradation of cinema infrastructure with Digital Equipment and other related assets for select 100 screens – 25.95
- 3 Acquisition of company, acquisition of screening rights of company having similar line, range and objects of business – 12.00
- 4 To meet general corporate expenses – 3.80
- 5 Meeting the IPO expenses – 3.25
Company Overview
Midvalley Entertainment is a multinational Media & Entertainment company operating from Chennai. Midvalley's major businesses are Exhibition and Concept Theatres, Film Production, Distribution, Hospitality and Cine Advertising, etc. It produces, distribute and exhibit movies both in Indian and foreign languages.
At present, they are with the network of 40 plus screens across southern peninsula. By 2011, the group positioning to operate 100 plus screens that includes Cineplex, Multiplex, Open Air Theatres and Concept Theatres. Midvalley also preparing well in the segments of film Production and Distribution and expected to release its next movie as by Jan 2011 during Pongal season. Current promoters of the company are Unigold Pacific, Kiara Enigma and Global Motion Pictures & Ventures Ltd.