SEA TV Network IPO : Finally subscribed 9.58 times

by khalid on 05/10/2010 · 0 comments

Sea TV Network Ltd is an Agra based company engaged in providing services of a Multi System Operator (MSO) to various Local Cable TV operators of Agra and adjoining areas. Sea TV proposes to adopt latest technology IPTV for providing TV channels to its viewers. The IPO of SEA TV Network Limited has received a good response from the investors with the final over-subscription figure reached to 15.94 times on an overall basis. SEA TV Network IPO was open on 27th Sep 2010 and get closed on 29th Sep 2010 for subscription.The IPO has managed to garner a good response from Non Institutional Investors Category where it overbid by 40.94 times on the final day of subscription.

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

Qualified Institutional Buyers (QIBs) : 1.66 times
Non Institutional Investors : 40.94 times
Retail Individual Investors : 7.45 times
Overall : 9.58 times

The IPO proceeds would be used to setting up complete Digital Headend and network for implementation of Conditional Access System (CAS), setting up network for complete IPTV Solution, setting up of own cable distribution network and setting up own 20 branch-offices in the Agra City.

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

The sole book running lead managers to the issue is . Chartered Capital and Investment Limited.

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

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