Midvalley Entertainment Limited IPO : Opening on 10th Jan 2011

by khalid on 31/12/2010 · 0 comments

Midvalley Entertainment Limited is entering into primary market with an Initial Public Offer (IPO) of —- Equity Shares of Rs 10 each. The IPO is opening on 10th Jan 2010 and the shares will be available for subscription up to 12th Jan 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. 64 – Rs. 70 Per Equity Share.The Issue Size is Rs. 60.00 Crores. 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.

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

Issue Detail:-
Issue Open : 10th Jan 2010 – 12th Jan 2011
Issue Type : 100% Book Built Issue IPO
Issue Size : — Equity Shares of Rs 10 each
Issue Size : Rs 60.00 Crore
Face Value : Rs 10 Per Equity Share
Issue Price : Rs 64 – Rs. 70 Per Equity Share
Minimum Bid Quantity : 95 Shares (Rs. 6650 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 2850 Shares (Rs. 199500 with 30 Lots ) @ upper level of price band
Listing At : BSE, NSE

Maximum Subscription Amount for Retail Investor : Rs. 200000

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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