K Sera Sera files prospectus with SEBI, plans to raise Rs 400-450 million

MUMBAI: K Sera Sera today filed the prospectus with the Securities and Exchange Board of India (SEBI) for entering the capital market with a fresh public offer through a 100 per cent book building process.

The company plans to raise around Rs 400-450 million through the issue, K Sera Sera chief executive officer Kacon Sethi tells The size of the issue will, however, depend on the price band it attracts.

The holding of the promoters will come down from around 29 per cent to 22 per cent after the issue. Enam Financial Consultants and UTI Securities Ltd will lead manage the issue.

The bulk of the proceeds will be used towards movie business. Allocation of Rs 250 million will be towards film production while Rs 40-50 million will be for distribution of movies. The balance will be utilised for meeting corporate and other expenses. The television content production subsidiary company, Twenty Twenty Television, has already raised debt.

K Sera Sera plans to produce five movies this financial year, says Sethi. Sarkar, which was released recently, has been a box office hit. The company is producing Darna Jaroori Hain on a budget of Rs 80-90 million. The other movies will be produced at a budget of around Rs 50 million each, she adds.

K Sera Sera, which already has a show running on Zee TV, plans to add three to four television serials this financial year. "We are serialising the movie Darna Mana Hai and it will air in November on Star One four days a week," says Sethi.

Production houses that have gone public include Balaji Telefilms and Creative Eye. UTV, which has a diversified business model, was the most recent to come out with an initial public offering.

Latest Reads
MIB proposes to change mandatory sports feed sharing norms

In what could have far reaching effects on the financial viability of sports TV channels or streaming platforms, which acquire exlcusive rights for sporting events for the India region spending billions of dollars.

Regulators I&B Ministry
TDSAT asks SPN, Tata Sky to reach an agreement in 4 weeks

The Telecom Disputes Settlement Appellate Tribunal (TDSAT) has heard the case on the recent commercial dispute between Sony Pictures Networks India (SPN) and Tata Sky on a failed negotiation. TDSAT heard the case on 11 October and advised the parties to take four weeks to try and reach a mutually...

Regulators TDSAT
Star India vs TRAI: Arguments conclude, SC likely to deliver verdict after Dussehra

Arguments in case relating to TRAI and Star India ended today in the Supreme Court.

Regulators Supreme Court
DoT to inquire TRAI about 28 GHz band for 5G service

The Department of Telecommunications (DoT) is planning to initiate talks for new bands to support 5G services in the country. The DoT will soon start discussing with the telecom regulator TRAI for 28GHz band for 5G commercial deployments. As per Economic Times, the DoT will also analyse pricing...

Regulators TRAI
TRAI to be renamed as DCRAI

The Telecom Regulatory Authority of India’s name has been rechristened. From now, it will be called as the Digital Communications Regulatory Authority of India (DCRAI).

Regulators TRAI
TRAI vs. Star India case: next SC hearing on September 25

The Supreme Court has deferred the hearing of Star India’s petition against TRAI tariff and inter-connect order to 25 September 2018.

Regulators Supreme Court
Trai vs. Star case: next SC hearing on Sept. 18

The Supreme Court has deferred the hearing of Star India’s petition against TRAI tariff and inter-connect order to 18 September 2018

Regulators Supreme Court
MIB orders CVR Health to go off air for code violation

A health channel named CVR Health had telecast a show named ‘healthy nights’ in 2016 that was considered unsuitable for the television audience for which it was asked to go off air for three days with effect from 8-11 September 2018.

Regulators I&B Ministry
SC adjourns Star India's petition on TRAI tariff order to 13 September

The Supreme Court has deferred the hearing of Star India’s petition against TRAI tariff and inter-connect order to 13 September 2018.

Regulators Supreme Court

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories