Inox debuts on the BSE bourse; scrip closes at Rs 174

MUMBAI: Inox Leisure Ltd has been listed on the National Stock Exchange of India ltd (NSE) and the Stock Exchange, Mumbai (BSE) today.

The stock opened at Rs 172, up 43 per cent over the issue price of Rs.120/- a share. It hit a high of Rs 194.80 and a low of Rs 167.05, before closing at Rs 179.90 on the NSE.

On the BSE, the stock ended at Rs 174.75.

Speaking at the listing ceremony at the National Stock Exchange Inox director Deepak Asher said, Our mission is to create Indias largest network of world class multiplex cinema theatres across all the leading towns and cities of India. We aspire to be the leader in the Indian film exhibition industry on all key parameters including number of screens, quality of viewing experience, and, more importantly, financial parameters like revenues and profitability.

We consider the overwhelming response to our IPO as a popular vote of confidence in our business model. Shareholders' interest is of paramount importance to us as a group. Inox Leisure Ltd. will consistently and untiringly work towards strengthening shareholder value, he added.

The issue which opened for subscription on January 27, 2006 and closed on 2 February. The issue was oversubscribed by 49.06 times. The qualified institutional buyers portion was subscribed by 59.19 times and the retail portion received 17.75 times response and HNIs portion received 92.31 times response.

Inox entered the capital market with a fresh issue of 16.5 million equity shares of Rs 10 each on offer consisting of a fresh issue of 12 million equity shares and an offer for sale of 4.5 million equity shares by the promoter, Gujarat Flurochemicals Limited.

The shares offered constitute 27.5 per cent of the fully diluted post issue paid up capital of the company and as a result the promoters share holding has come down to 66 per cent of the post issue paid up capital.

Latest Reads
US$ 4.5 bn expected from IPL rights; SC recommends accounts scrutiny

The Supreme Court on Friday froze all financial transactions between the BCCI and state cricket associations by directing the apex body not to disburse any funds till it resolves to abide by the Justice RM Lodha panel recommendations on reforms by 3 December . The top court ordered that none of...

Television TV Channels Sports
TVS Tyres is co-presenter for Asian Champions Trophy 2016

Continuing its strong connect with sports, TVS Tyres has associated with Asian Champions Trophy 2016 by becoming the co-presenter. The Asian Champions Trophy is one of the premier hockey tournaments, a much sought after annual international competition promising some great hockey action. This...

Television TV Channels Sports
Q2-17: Zee Learn declares maiden interim dividend

The board of directors of the Essel group’s education company Zee Learn Limited (ZLL) have declared a first time ever dividend of 5 percent per equity share of Re 1 each for the quarter ended 30 September 2016 (Q2-17, current quarter).

Television TV Channels Factual & Documentary
Whether BARC action can stop unethical practices?

MUMBAI: Can businesses and industries practise their art of selling fairly although they have 'Fair Practices' training during academic courses, workshops and several ISO and other certifications? There seems to be the fear of the lawman, and not the law in India. If the traffic cop is watching,...

Television TV Channels Viewership
TV Superhighway: beIN, Yaddo, AfricaXP have joined us, says Magine CEO Ambuj Goyal

CANNES; Magine has secured partnerships with four of the industry’s most exciting sports, documentary and entertainment content providers. Partnerships with beIN, the international media group and owner of MIRAMAX; Yaddo, the new documentary streaming service headed up by former head of The BBC’s...

Television TV Channels Factual & Documentary
Colors emerges strong on strength of Naagin I & II

MUMBAI: One of the top rated shows Naagin Season 2 helped Colors reach a top-ranking position.

Television TV Channels GECs
Pakistan Broadcasters Association to oppose PEMRA Indian content ban

MUMBAI: The Pakistan Electronic Media Regulatory Authority (PEMRA) shocked both Pakistan and Indian broadcasters when it issued an order blanking out  all Indian content from Pakistan’s television channels on 19 October.

Television TV Channels GECs
Sony Pix to telecast 'Jurassic World' on 22 October

Sony Pix will take the viewers on a thrilling, adventurous journey with cloned dinosaurs in their Billion Dollar Premiere property. The channel plans to air Jurassic World on 22 October at 1 pm and 9 pm.

Television TV Channels English Entertainment
Sony AXN scripts deal with Pinewood; buys stake in SVOD service Hopster

Folks at Sony Pictures Television (SPT) are in a celebratory mood. Not only has it signed a six-series deal with Pinewood Television but has also acquired a minority stake in the London-based video subscription service for kids content - Hopster.

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories