Television

×

PVR fixes IPO price band at Rs 200-240

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2016/04/27/PVR.jpg?itok=YttHFZvQ

MUMBAI: Multiplex cinema operator PVR Limited has announced the price band of Rs 200 to Rs 240 for its forthcoming initial public offering (IPO) of 7,700,000 equity share of Rs 10 each at a price to be determined through the book building process.

The issue comprises a fresh issue of 5,700,000 equity shares by the company and an offer for sale of 2,000,000 equity shares by The Western India Trustee and Executor Company Limited, in its capacity as a trustee of India Advantage Fund - I, a trust registered under the Indian Trusts Act, 1882, acting through its investment manager, ICICI Venture Funds Management Company Limited.

The IPO comprises a net issue to public of 7,250,000 equity shares, a reservation of another 150,000 equity shares for allotment to employees on a proportionate basis, subject to a maximum bid amount of Rs 2,500,000 by any employee and contribution from one of the promoters, Priya Exhibitors Private Limited of 300,000 equity shares brought in at least one day prior to the bid/ issue opening date, states an official release.

Of the net issue to public, the company proposes to reserve up to 50 per cent or upto 3,625,000 equity shares for allotment to the qualified institutional buyers, including Mutual Funds, on a proportionate basis. Out of this reserved portion, 5 per cent or 181,250 equity shares have been exclusively reserved for allotment to Mutual Funds on a proportionate basis and the remainder is reserved for allotment to all QIBs, including Mutual Funds, the release adds.

Of the balance, at least 15 per cent of the net issue to the public or 1,087,500 equity shares would be allotted to non-institutional investors on a proportionate basis and at least 2,537,500 equity shares, which works out to at least 35 per cent of the net issue to the public, are reserved for allotment be allotted to retail investors on a proportionate basis.

The proceeds from the IPO would be utilised, among other things, to finance new cinema projects, expand film distribution business, technological upgradation and renovation of cinemas. The company plans to set up cinemas in Mumbai, Hyderabad, Delhi, Indore, Gurgaon, Lucknow, Chennai, Ludhiana, Aurangabad and Latur.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/24/star_0.jpg?itok=3f_oVrKK
Bigg Boss Telugu S3 propels growth of Star Maa

MUMBAI: Star Maa has ranked number 3 in the top 10 channels across genre in week 33 of BARC India ratings. Bigg Boss season 3 which has been the biggest launch property across seasons has been growing week on week. The channel has been leading the Telugu GEC space consistently for more than a year...

Television TV Channels Regional
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/24/man.jpg?itok=kG9Kwaf7
Man v/s Wild with Bear Grylls and PM Modi brings 88% viewership growth for Discovery

MUMBAI: Man v/s Wild with Bear Grylls and PM Modi brings 88 per cent growth in the viewership of Discovery channel. The show was broadcasted across 12 channels of Discovery network. The original airing of Man V/s Wild with Bear Grylls and PM Modi recorded 6.9 million impressions and ~400 million...

Television TV Channels Specialised and Niche
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/24/KASHIR.jpg?itok=Yra6mb6C
DD Kashir sees 50% increase in viewership from J&K between 5-16 August

After the abrogation of article 370 in Jammu and Kashmir, there have been speculations all over the media about communication blackout in the valley. Commenting on the issue, Prasar Bharati CEO Shashi Shekhar Vempati said between 5 to 16 August, Kashmir’s TV channel DD Kashir saw 50 per cent...

Television TV Channels News Broadcasting
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/23/barc_0.jpg?itok=D9gPIX65
BARC week 33: Vimal Elaichi Pan Masala top brand

MUMBAI: The Broadcast Audience Research Council (BARC) India has released its data for top advertisers and brands for the period between 10 August 2019 and 16 August 2019. The data reflects top 10 advertiser and brands across genre on Indian television, including OOH screen, (U+R): 2+, Individuals...

Television TV Channels Viewership
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/23/sony.jpg?itok=ndXr-dy1
Football fans gear up for Serie A, the top-tier Italian football league on Sony Pictures Sports Network

MUMBAI: The upcoming season of Serie A will be the 118th season of top-tier Italian football and fans can expect nothing less than non-stop nail-biting action from August 24, 2019 to May 24, 2020 live and exclusive on SONY TEN 2 and SONY TEN 2 HD channels.

Television TV Channels Sports
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/23/VH1.jpg?itok=Jb0IBHao
Witness the women in music dominate the 2019 Video Music Awards, exclusively on Vh1

MUMBAI: The 2019 Video Music Awards couldn’t get bigger, as Ariana Grande and Taylor Swift vie for the prestigious ‘Moon Person’ statue with nods in 10 categories each, Jonas Brothers make a grand return to the VMA stage, a sparkling stage debut of sensational Camila Cabello and Missy Elliott...

Television TV Channels Music and Youth
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/23/hasbro.jpg?itok=tFJOehPN
Hasbro to acquire Entertainment One for approx $4 bn

Hasbro is set to acquire Entertainment One (eOne) in an all-cash transaction valued at approximately $4 billion. The deal enhances Hasbro’s brand portfolio, which includes My Little Pony, with the global preschool brands Peppa Pig and PJ Masks, as well as a slate of additional brands under...

Television Production House Fiction
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/23/Kesari.jpg?itok=19J9cwD9
Zee Cinema's 'Kesari' is highest-rated premiere on Independence Day

The World Television Premiere of Kesari on 15 August on Zee Cinema has set a new benchmark across the Hindi movies cluster making it No.1 in the category. The historic war drama garnered 15.6 Mn impressions as per BARC data for Week 33 for 2+ audiences in HSM Urban + Rural markets and is one of the...

Television TV Channels Movie Channels
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/08/23/alic.jpg?itok=IxfzlSQI
Sony SAB celebrates 'Khushiyon Ke Sab Sizes' with its latest show 'Tera Kya Hoga Alia'

Sony SAB broadens its slate of shows with its exclusive brand-new offering, Tera Kya Hoga Alia. This one-of-a-kind yet highly relatable story traces the insecurities and concerns faced by the protagonist, Alia and showcases the journey of the married couple, Alia and Alok, who were high school...

Television TV Channels GECs

Sign up for our Newsletter

subscribe for latest stories