The IPO of Midvalley Entertainment is a Rs 60.00 crore book built issue. Bidding for Midvalley Entertainment’s initial public offering (IPO) began on January 10, 2011 and concluded on January 12, 2011. The shares were listed on January 27, 2011, on the BSE. The price range for Midvalley Entertainment’s IPO is ₹64 to ₹70 per share. 95 shares is the minimum lot size required for an application. Retail investors are required to invest a minimum of ₹6,650.
Midvalley Entertainment is a multinational Media and entertainment company operating from Chennai. Midvalley’s major businesses are Exhibition and Concept Theatres, Film Production, Distribution, Hospitality Cine Advertising, etc. It produces, distributes, and exhibits movies both in Indian and foreign languages. They currently have a network of more than 40 screens around the southern peninsula. The organisation planned to run more than 100 screens by 2011 throughout Cineplex, Multiplex, Open Air Theatres, and Concept Theatres. In
terms of film production and distribution, Midvalley is likewise well-prepared, with plans to premiere their next feature in time for Pongal in January 2011. Presently, Global Motion Pictures & Ventures Ltd., Kiara Enigma, and Unigold Pacific are the company’s promoters.
Midvalley Entertainment IPO Details
| IPO Date | January 10, 2011 to January 12, 2011 |
| Listing Date | January 27, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹64 to ₹70 per share |
| Lot Size | 95 Shares |
| Total Issue Size | 8,571,429 shares (aggregating up to ₹60.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
Midvalley Entertainment IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 95 | ₹6,650 |
| Retail (Max) | 30 | 2850 | ₹199,500 |
Midvalley Entertainment IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 4,687,500 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,406,250 (15.00%) | |
| Retail Shares Offered | 3,281,250 (35.00%) | 34,539 |
Midvalley Entertainment Company Financials
| Particulars | 31-Jul-10 | 30-Apr-10 | 30-Apr-09 | 30-Apr-08 | 30-Apr-07 | 30-Apr-06 |
|---|---|---|---|---|---|---|
| Total Income | 486.90 | 1294.74 | 2,116.43 | 7,362.93 | 4,882.45 | 1,340.70 |
| Profit After Tax (PAT) | 143.31 | 3.93 | (47.06) | 886.60 | 727.25 | 287.25 |
Objects of the Issue (Midvalley Entertainment IPO Objectives)
The Object of the issue are:
- Entering screening agreements with cinema theatres;
- Renovation & Up-gradation of cinema infrastructure;
- Acquisition of company and acquisition of screening rights;
- To meet general corporate expenses.
Midvalley Entertainment IPO Subscription Status
| Category | Subscription (times) |
|---|---|
| QIB | 0.35 |
| NII | 4.68 |
| Retail | 9.01 |
| Total | 4.03 |
Midvalley Entertainment IPO Listing Details
| Listing Date | January 27, 2011 |
| BSE Script Code | 533310 |
| NSE Symbol | |
| ISIN | INE422B01016 |
| Final Issue Price | ₹70 per share |
Midvalley Entertainment Listing Day Trading Information
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹73.00 |
| Low | ₹55.00 |
| High | ₹76.50 |
| Last Trade | ₹58.05 |
Midvalley Entertainment Ltd Contact Details
Midvalley Entertainment Ltd
9th Floor Gee Gee Emerald,
312 Valluvar Kottam High Road,
Chennai – 600034, Tamil Nadu, India
Phone: 91-44-30632454/55
Email: [email protected]
Website: http://www.mvel.in
Midvalley Entertainment IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com
Midvalley Entertainment IPO FAQs
Q1. What is Midvalley Entertainment IPO?
Ans. Midvalley Entertainment IPO is a main-board IPO of 8,571,429 equity shares of the face value of ₹10 aggregating up to ₹60.00 Crores. The issue is priced at ₹64 to ₹70 per share. The minimum order quantity is 95 Shares. The IPO opens on January 10, 2011, and closes on January 12, 2011. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.
Q2. When Midvalley Entertainment IPO will open?
Ans. The Midvalley Entertainment IPO opens on January 10, 2011 and closes on January 12, 2011.
Q3. What is the lot size of Midvalley Entertainment IPO?
Ans. Midvalley Entertainment IPO lot size is 95 Shares, and the minimum amount required is ₹6,650.
Q4. When is Midvalley Entertainment IPO allotment?
Ans. The finalization of Basis of Allotment for Midvalley Entertainment IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is Midvalley Entertainment IPO listing date?
Ans. The Midvalley Entertainment IPO listing date is on January 27, 2011.
