Eros International Media Limited IPO : Finally subscribed 26.51 times

by khalid on 03/10/2010 · 0 comments

Eros International Media Ltd is part of the Eros Group, which has global presense in Indian media and entertainment arena. The IPO of Eros International Media Limited has received a good response from the investors with the final over-subscription figure reached to 26.51 times on an overall basis. Eros International Media Limited IPO was open on 17th Sep 2010 and get closed on 21st Sep 2010 for subscription.The IPO has managed to garner a good response from Non-Institutional Investors Category where it overbid by 73.40 times on the final day of subscription.

The category-wise subscription status of Eros International Media IPO on closing day is given below:-

Qualified Institutional Buyers (QIBs) : 25.79 times
Non Institutional Investors : 73.40 times
Retail Individual Investors : 11.95 times
Overall : 26.51 times

The IPO proceeds would be used for acquiring and co-producing Indian films, including primarily Hindi language films as well as certain Tamil and other regional language films and general corporate purposes.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (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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