Sea TV Network IPO : ICRA gives 1 out of 5

by khalid on 26/09/2010 · 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. Sea TV Network IPO has got 1 out of 5 by ICRA (rating agency) and this rating/grading is poor average for a TV Network comapny. The grade 1 indicates that the fundamentals of the IPO are poor compared to the other listed securities in India. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 50.20 crores. The IPO is opening on 27th Sep 2010 and the shares will be available for subscription up to 29th 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 90 at the lower level and Rs 100 at the upper level.

Issue Detail:-
Issue Open : 27th Sep 2010 – 29th Sep 2010
Issue Type : 100% Book Building Issue
Issue Size : —– Equity Shares of Rs 10 each
Issue Size : Rs. 50.20 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 90 – Rs. 100 Per Equity Share
Market Lot : 65 Shares
Minimum Order Quantity : 65 Shares
Listing At : BSE, NSE

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

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

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