Top Story

e4m_logo.png

Home >> Media - TV >> Article

Raj TV IPO opens tomorrow

13-February-2007
Font Size   16
Share
Raj TV IPO opens tomorrow

Raj Television Network is all set to enter the capital markets with an initial public offering of 35,68,250 equity shares at a face value of Rs 10 on a price band of Rs 221-257 per share. The issue opens on February 14 and will close on February 23. The stocks will be listed on both the Bombay Stock Exchange and the National Stock Exchange after the IPO process.

Of the total 35,68,250 shares, 3,24,384 equity shares are reserved for the employees, with the rest being offered to retail and institutional investors. The issue is being made through a 100 percent book-building route. Upon completion of the issue process, the promoters/ promoter group’s holding in the company will come down to 72.5 percent.

The promoters propose to utilize the capital to strengthen production facilities, enhance content and content acquisition, launch a new youth-centric channel, take the existing channels to the international market, produce short-films/telefilms, acquire and export films and construct a new studio.

The channel had an income of Rs 3,195.98 lakh last fiscal, up from Rs 2,964.42 lakh the previous fiscal. Total income was Rs 2,950.18 lakh for the period ended December 31, 2006 and had a net profit of Rs 381.56 lakh in the past fiscal as compared to Rs 297.75 lakh for fiscal 2005.

Tags

Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Rahul Johri, CEO, Board of Control for Cricket in India (BCCI), spoke about the upcoming season of IPL and with Star India’s re-imagine approach, he made assured that this year will be a kickass seas...

At the “Dentsu Aegis Network-exchange4media Digital Advertising Conference,” Abrol shared insights on how digital is transforming the way they operate and grow

The Dentsu Aegis Network-exchange4media Digital Report 2018 that was unveiled on January 16, 2017