Eros International Media Limited IPO : CARE gives 4 out of 5

by khalid on 27/09/2010 · 0 comments

Eros International Media Ltd is part of the Eros Group, which has global presense in Indian media and entertainment arena. Eros International Media Limited IPO has got 4 out of 5 by CARE (rating agency) and this rating/grading is above average for a media and entertainment comapny. The grade 4 indicates that the fundamentals of the IPO are above average compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 350 crores. The IPO is opening on 17th Sep 2010 and the shares will be available for subscription up to 21st Sep 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 158 at the lower level and Rs 175 at the upper level.

Issue Detail:-
Issue Open : 17th Sep 2010 – 21st Sep 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 18,551,898 Equity Shares of Rs 10 each
Issue Size : Rs. 350 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 158 – Rs. 175 Per Equity Share
Bid Lot : 40 Shares and in multiples thereof
Listing At : BSE, NSE

The book running lead managers to the issue will be K Enam Securities Private Limited, Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Pvt Ltd.

Registrar of the Issue : Link Intime India Private Limited, Mumbai.

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