Television

NDTV's Rs 1billion IPO to fund working cap, prepay loan

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2015/11/26/Untitled-1_2.jpg?itok=ZYoOvz3w

MUMBAI: Dr Prannoy Roy's NDTV is gearing up for its first Rs 1 billion equity issue in the primary market. The news broadcaster has filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi).



Funds deployment

Funds deployment towards:

(Rs in million)

Activity

Pre-payment of loans

Working Capital

General corporate purposes

Total

FY 2005

200

200

150

550



According to the draft prospectus, the net proceeds raised from the issue would be deployed towards "working capital requirements, repayment of loans and for general corporate purposes." Net proceeds from the sale of existing shares (5.9 million shares of face value of Rs 4 each) will be paid to the selling shareholders.



While the working capital requirement arises primarily from sundry debtors relating to credit given to advertisers, security deposits and advance income tax, the 200 million outstanding loan is part of the total outstanding term loan of Rs 300 million. The prospectus does not mention specifics about the general corporate purposes requirements.



Issue allocation



The issue is being made through the 100 per cent book building route where at least 60 per cent of the issue will be allocated on a discretionary basis to qualified institutional buyers (QIBs). At least 15 per cent of the issue will be available for allocation on a proportionate basis to non-institutional bidders and the remaining 25 per cent of the issue will be available for allocation on a proportionate basis to retail bidders.

The present shareholding pattern of the company is



Present Shareholding pattern of NDTV

Category

No of equity shares

%

Promoters

Indian Funds/MFs

FIIs 

Foreign Investors 

Others 

Public

Total

33,306,600

10,906,065

4,892,375

2,037,025

75

-

51,142,140

65.12%

21.32%

9.57%

3.99%

0.00%

-

100.0%



NDTV's net worth as of 31 March 2003 and nine months period ended 31 December 2003 was approximately Rs 1.199 billion and Rs 1.285 billion respectively.



For the nine months period ended 31 December 2003, the company posted a net loss of Rs 473.77 million. The book value per share of Rs 4 each, as of 31 March 2003 and nine months period ended 31 December 2003 was approximately Rs 28.52 and Rs 27.16, respectively.



Both of the above - the net worth and the book value per share as on 31 December 2003 will be lower once the Delhi High Court approves the proposed amalgamation of NDTV World Limited with NDTV, which will become effective from 1 April 2003.



As on 31 December 2003

Net worth    Rs 1.285 b

Book value per share    Rs 27.16

Net asset value per share    Rs 67.91

EPS    Rs 25.02

Returns on net worth    36.85 %

The net asset value per share as on 31 December 2003 stands at Rs 67.91 while the earnings per share (EPS) is at a negative of Rs 25.02. The returns on net worth are also at a negative 36.85 per cent.



The news broadcaster claims it had 249 advertisers on its two news channels - NDTV 24x7 and NDTV India during the nine months ended 31 December 2003.

The book running lead managers to the issue are JM Morgan Stanley Pvt Ltd, Kotak Mahindra Capital Company Ltd and ICICI Securities Ltd.



The NDTV shares would be listed on The Mumbai Stock Exchange, and the National Stock Exchange.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/07/STAR-PLUS-800x800.jpg?itok=4RCO6PQf
Star Plus gears up for 'Dil Hai Hindustani' launch in January

MUMBAI: After launching P.O.W, Star Plus is geared up to launch its yet another grand singing reality show "Dil Hai Hindustani." Though the channel has not officially announced the launch date, but the show is slated to go on air by January 2017, and will be replacing Masterchef India at 8pm time...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/steve1.jpg?itok=Z86RBizl
MN+ celebrates Steven Soderbergh this month!

MUMBAI: 'Director's Cut', the flagship property of MN+, is preparing to treat its viewers with an exhilarating line-up of gold class Hollywood movies by the Oscar Award winning director 'Steven Soderbergh'. The ongoing property will air some of the finest works of Steven from 10 December, 2016,...

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Dance%20Singapore%20Dance_0.jpg?itok=m5uCpty4
Sheriden, Sufri emerge winners of Dance Singapore contest

MUMBAI: The second season of Dance Singapore Dance on Zee TV APAC comes to an end with a spectacular grand finale. Sheriden Newman, 29, danced her way to victory after emerging as thewinner of Season 2. Sheriden, 29, a dance graduate from Queensland University of Technology outperformed over 200...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Discovery-800x800.jpg?itok=zedEwSn7
Discovery's 'Jawai: India's Leopard Hills' wins at Asian Television Academy

MUMBAI: Discovery India’s production Jawai: India’s Leopard Hills has won the Best Natural History / Wildlife Programme at the prestigious Asian Television Academy Awards 2016, held in Singapore. Produced by Robin Roy Films, Jawai: India’s Leopard Hills combines state-of-the-art technology and...

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/NaomiCampbell-800x800.jpg?itok=R2oPtlGa
Fox Life brings supermodel Naomi Campbell in 'The Face' series

MUMBAI: Fox Life is all set to become the latest destination for high fashion as it launches a thrilling reality TV series The Face. The show is filled with passion and race to win which has never been seen with this intense and real before. The series began on 5 December and airs every Monday and...

Television TV Channels Specialised and Niche
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Niharika_0.jpg?itok=aaA4Ozxj
Star Suvarna to air new show ‘Niharika’ from 12 Dec

MUMBAI: Star Suvarna is all set to air its new show Niharika. A new concept which is not just a “Atte-Sose” (Kannada) or a kitchen drama. Starting from 12 December, the show will be aired at 8pm time slot.

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Pankaj-Raghav.jpg?itok=m17NTSIr
Cracking Chrome DM-Da Vinci code as legalities take over

MUMBAI:  When business partners --- erstwhile or otherwise--- part ways acrimoniously, dirty linen gets washed in public. Almost a year after parting ways, Da Vinci Learning (DVL) TV channel, through its Indian JV partner Quintillion Media Pvt. Ltd, has served a breach of contract notice to...

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/06/Jungle-Book-800x800.jpg?itok=XwXvbkYw
Govt defends UA certificate to 'Jungle Book' (3D)

NEW DELHI: Even as it is still studying the recommendations of the Shyam Benegal Committee on film certification, the Government has justified the U/A certification to the English film “Jungle Book” (3D).

Television TV Channels Kids
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/12/05/Westworld-800x800.jpg?itok=m_N6g12p
Star World Premiere HD to air 'Westworld's' 90 minute finale

MUMBAI: Star World Premiere HD is all geared up to broadcast the season 1 of science-fiction drama Westworld. The season finale will be a super-sized 90 minute long episode titled The Bicameral Mind. Created by Jonathan Nolan and Lisa Joy, the season stars Anthony Hopkins, Ed Harris, James Marsden...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories