Issue Price: Rs. 162 - Rs. 175
Hindustan Media Ventures Ltd is one of the leading print media companies in India in terms of Readership (Source: IRS, R2 2009). They publish and print 'Hindustan', the third largest daily newspaper in India in terms of Readership with a Readership of 9.3 million readers (Source: IRS, R2 2009). 'Hindustan' has the largest Readership in key Hindi- speaking markets of Bihar and Jharkhand, with a strong and growing presence in Delhi NCR and the states of Uttar Pradesh and Uttarakhand. They are one of the fastest growing Hindi daily newspapers in India with a growth in Readership of 9.2% in the period between July 2006 and June 2009 (Source: IRS, R2 2007 to R2 2009).
Issue Detail:
»» Issue Open: Jul 05, 2010 - Jul 07, 2010
»» Issue Size: Rs. 270.00 Crore
»» Issue Price: Rs. 162 - Rs. 175 Per Equity Share
Number of Times Issue is Subscribed (BSE + NSE) As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors Retail Individual Investors (RIIs) Total Shares Offered / Reserved 7,181,737 1,659,809 4,979,429 13,820,975 Day 1 - Jul 05, 2010 17:00 IST 0.0000 0.0000 0.0100 0.0000 Day 2 - Jul 06, 2010 17:00 IST 0.0000 0.0000 0.0400 0.0100 Day 3 - Jul 07, 2010 17:00 IST 8.9800 3.3900 1.0000 5.4300
Objects of the Issue:
The object of the issue are:
1. Setting up new publishing units;
2. Upgrading existing plant and machinery;
3. Prepayment of loans; and
4. General corporate purposes.
CRISIL Equities has assigned a CRISIL IPO grade of ‘4/5’ for Hindustan Media Ventures Ltd (HMVL).
FY05 EPS is 2.35
PE calculated on FY05 EPS would be 68-72.
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