Television

UTV files IPO prospectus with SEBI

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/01/13/Untitled-1_12.jpg?itok=ATaLBVd3

MUMBAI: UTV Software Communications Ltd (UTV), today filed the prospectus with the Stocks and Exchange Board of India for entering the capital market with a public issue of 5,999,950 equity shares of Rs10 each through a 100 percent book building process. The IPO is expected to happen sometime between September and November 2004.

 

The maiden public issue by UTV comprises a fresh issue of 3,000,000 equity shares and an offer for sale of 2,999,950 equity shares of Rs10 each. This includes a reservation of 299,950 equity shares for employees on a competitive basis. The net offer issue to public of 5,700,000 equity shares would constitute 31.68 per cent of the fully diluted post issue paid-up capital of the company, says an official release. For the 10-month period ending January 2004, the company posted revenues of Rs 871 million and a PAT of Rs 85.2 million.



The proceeds funds from the IPO will be used for enhancement of production facility and office infrastructure, investment in UTV's own kids channel (Hungama TV), funding of SFX and post-production expansion, working on growth plans in studio and post production infrastructure to cope with its augmented requirements and capital requirements for its film movie distribution initiatives and general corporate purposes.



The issue, according to the company, is being made through 100 per cent book building process, wherein up to 50 per cent of the Net Offer Issue to Public will be allocated to Qualified Institutional Buyers on a discretionary basis, not less than 25 per cent of the Net Offer Issue to Public would be allocated to Non-Institutional Investors and not less than 25 per cent of the Net Offer Issue to Public, would be allocated to Retail Individual Investors on a proportionate basis, subject to valid bids being received from them at or above the Issue Price, says the release.



Claiming to be the only Indian content creation media company with multiple revenue streams from activities that span the gamut of media and include movie production, movie distribution, TV programming, animation, SFX, air time sales and investment in broadcast channels, UTV says its customer base includes companies like Walt Disney, Times Warner, Fox, National Geographic Channel and The History Channel.



The lead manager to the issue is Enam Financial Consultants and co-book running lead manager is IL& FS Investsmart. The shares are proposed to be listed on the Mumbai Stock Exchange and the National Stock Exchange.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/13/golf.jpg?itok=t1xZuWYj
Discovery strikes agreement with European Tour to expand GOLFTV portfolio and establish the ‘digital home of golf

Discovery and the European Tour have announced a new partnership that will see GOLFTV continue to expand its portfolio and move towards becoming the established ‘digital home of golf’ for fans around the world.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/13/cnn.jpg?itok=IIZst38X
TURNER’S KIDS AND NEWS CHANNELS WIN BIG AT INAUGURAL ASIAN ACADEMY CREATIVE AWARDS

CNN and Cartoon Network won eight honours – also known as “Goddess of Creativity” wins – at the Asian Academy Creative Awards on December 6, the region's version of the International Emmy Awards.

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/13/history.jpg?itok=B9C8evmw
Uncover the enthralling journey of the most notorious drug lord on HISTORY TV18 HD’s ‘The Rise & Fall of Pablo Escobar’

Pablo Escobar’s belief that “Life is full of surprises, some good, some not so good.” forms the basis for a thrillingbiography of the world’s most infamous drug lord.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/13/fest.jpg?itok=5V_pyoi4
Mumbai, Gear Up For DreamHack - The World’s Largest Gaming Festival

Starting 21st December, get ready to experience the world’s largest gaming festival – DreamHack, right here in Mumbai

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/13/dicsovery.jpg?itok=ZYY7lByI
DISCOVERY channel to premiere ‘Extreme Jobs with Tim Kennedy’ from 17th December

Discovery Channel to premiere no holds barred series EXTREME JOBS WITH TIM KENNEDY hosted by Special Forces Sniper and fearless Green Beret, Tim Kennedy.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/13/EPIC.jpg?itok=i91JRmMd
EPIC To End The Year On A Special Note

India’s leading Hindi infotainment channel continues to strengthen its position in the infotainment genre through innovative and engaging programming. EPIC Channel is bringing two new special shows – a war documentary ‘Sentinels of the Snow’ by Maj. Gen. G.D. Bakshi and a glimpse into the lives of...

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/13/VBS_18.jpg?itok=QUi27pWH
TV still has headroom for monetising from underpenetrated areas

With the advent of OTT platforms, technological disruptions and change in content consumption trends, traditional linear TV has been facing a difficult time. Moreover, demonetisation and inclusion of GST also came as additional challenges in the recent past, with effects that lingered for long,...

Television TV Channels GECs
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/12/news.jpg?itok=U8axkKyv
Times Network sets India’s $5 Trillion growth agenda through the 5thedition of ‘India Economic Conclave 2018’: Day 1

Times Network, a part of India’s largest media conglomerate, The Times Group, commenced its signature event, India Economic Conclave 2018 in its 5th edition in Mumbai today.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/12/zmat.jpg?itok=1WsUWFIY
Zee TV VP marketing Azmat Jagmag quits

Zee TV’s VP for marketing, Azmat Jagmag, who was responsible for brand building, team growth, sales strategy and revenue facilitation, has quit the organisation last month.

Television TV Channels GECs

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories