Top Story


Home >> Media - Others >> Article

Hindustan Media Ventures to list shares on July 21; issue price fixed at Rs 166

Font Size   16
Hindustan Media Ventures to list shares on July 21; issue price fixed at Rs 166

Hindustan Media Ventures, a subsidiary of HT Media Ltd has fixed July 21, 2010 as the listing date for its equity shares, which were recently issued via its public issue. The company has fixed the issue price at Rs 166 a share, while the price band stood at Rs 162-175 a share.

The Rs 270 crore issue was opened between July 7 and July 9 and was subscribed 5.43 times. Maximum bids were received at Rs 162-166 per share. Qualified institutional investors showed strong interest in this issue; their reserved portion got subscribed nine times. Non-institutional and retail investors’ portion subscribed 3.4 times and one time, respectively.

HT Media Ltd holds 98.85 per cent stake in HMV, one of the leading print media companies in India in terms of readership (Source: IRS, R2 2009). Hindi daily Hindustan is currently printed at 16 locations in the states/ regions of Uttar Pradesh, Bihar, Jharkhand, Uttarakhand, Punjab and Delhi NCR, with a total installed rated capacity of approximately 0.78 million copies per hour.

The objectives of the issue were to raise funds for setting up new publishing units, upgrading existing plant and machinery, prepayment of loans, and for general corporate purposes.


Our typical marketing budget is usually 10 per cent of the topline spend

There are some forces impacting the way our business works. The IT/ITeS sector has changed tremendously. Platforms like Twitter have made everyone journalists. Smartphones have made everyone a photographer. The trend that we are seeing is one of hyperdigitalization, which is causing the lines between product and services to blur. For example, <a href=

The OOH sector is among the fastest growing, globally. Brands and marketers have realized its potential and impact and begun to craft medium-specific adverts. Self-regulation is not only necessary but also essential to growth of the sector. The industry needs to exercise a certain level of this self-restraint to prove its commitment to maintaining the best standards in advertising.

<b>Clients are looking for experiential solutions beyond radio or print: Abraham Thomas, Radio City 91.1 FM</b><br><br> From entering new markets to launching large format events, Radio City 91.1FM has been on a roll. The radio channel recently announced the launch of India’s biggest singing talent hunt-Radio City Super Singer Season 8. Earlier this year, the channel set up its own creative-cum...

Under the watchful eye of Walt Disney, Bindass undergoes brand repackaging with a fresh new show ‘Dil Buffering’ simulcast across its linear and social media platforms on September 29 and will launch...

Apart from the mandate for the first project which is the Ashiana Town in Bhiwadi, Tomorrow and InterTwined will deliver brand solutions across film, print, radio, outdoor and activation besides provi...

Despite advertising picking up after a slow Q1, regional FM players still feel that the lingering effect of GST, RERA, demonetisation will still make its impact felt during the upcoming festive quarte...