Wednesday, February 20, 2013

Channel Nine Entertainment IPO

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Channel Nine Entertainment, a media and entertainment company, has come out with an IPO and plans to raise Rs 11.67 crore by offering 46.68 lakh shares through the IPO. The company is engaged in the business of production, distribution television serials, films, corporate films, feature films, documentaries, and marketing of sports and entertainment events.

The IPO shall open on 22 February, 2013 and shall close on 26 February, 2013. The company has fixed a price of Rs 25 per share. The investor needs to bid for a minimum of 6000 shares and in multiples of 6000 shares thereafter. So, a retail investor can invest only 6000 shares as that amounts to Rs 1.5 lakh.

The company intends to utilize the proceeds of the IPO to finance the estimated expenditure of production of two films; strengthening distribution operations; and brand building.

Guiness Corporate Advisors Private Limited is the lead manager of the issue and Beetal Financial & Computer Services Private Limited is the registrar of the issue. The Channel Nine Entertainment IPO will get listed on BSE SME.


We would recommend investors to invest in this IPO.


Click here to check Channel Nine Entertainment IPO Allotment status!


Channel Nine Entertainment IPO got listed on 12 March, 2013. The stock remained locked at Rs 26.25, a 5% premium over its issue price of Rs 25 per share.
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