Midvalley Entertainment Limited IPO : Listing on 27th Jan 2011

by khalid on 24/01/2011 · 0 comments

Midvalley Entertainment Limited Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 27th Jan 2011. The IPO was open between 10th Jan 2011 to 12th Jan 2011. The price band was Rs 64 to Rs 70 and the Issue Price was fixed at the upper level of price band, Rs 70 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs. 60.00 Crore. 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.

IPO Listing Detail :-
Listing Date: 27th Jan 2011
BSE Scrip Code : 533310
NSE Symbol : MIDVALLEY
Listing In : ‘B’ Group of Securities
ISIN : INE422B01016
Issue Price : Rs. 70.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the public issue are proposed to be utilized to Entering screening agreements with cinema theatres, renovation & up-gradation of cinema infrastructure, acquisition of company and acquisition of screening rights and to meet general corporate expenses.

The Sole Book Running Lead Manager (BRLM) to the offer is Aryaman Financial Services limited.

Registrar of the Issue : Cameo Corporate Services Ltd. Chennai.

Stay tuned to BelltheBull Blog for more on Midvalley Entertainment Limited IPO !

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