Thursday, July 01, 2010

Upcoming IPO: Hindustan Media Ventures Ltd IPO Information

Hindustan Media Ventures Ltd IPO Information:

- Issue Open: Jul 05, 2010 - Jul 07, 2010
- Issue Type: 100% Book Built Issue IPO
- Issue Size: Equity Shares of Rs. 10
- Issue Size: Rs. 300.00 Crore
- Face Value: Rs. 10 Per Equity Share
- Issue Price: Rs. 162 - Rs. 175 Per Equity Share
- Minimum Order Quantity:
- Maximum Order Quantity:
- Listing At: BSE, NSE

Hindustan Media Ventures IPO Grading by CRISIL: IPO Grade 4/5. Means it has Above Average Fundamentals

About Company:
The Company was incorporated on July 9, 1918 under the Indian Companies Act, 1913 as a public limited company under the name 'The Behar Journals Limited' and received the certificate of commencement of business on January 14, 1919. On November 17, 1987 the name of the Company was changed to 'Searchlight Publishing House Limited' to reflect to make the name of the Company more in consonance with its publication, 'Searchlight'. Subsequently, the name of Company was changed to its present name 'Hindustan Media Ventures Limited' to reflect the expanded business activities intended to be undertaken by the Company and to be in consonance with the prevailing industry trends and a fresh certificate of incorporation to this effect was issued on November 11, 2008.

Hindustan Media Ventures Ltd IPO:
Objects of the Issue:
The object of the issue are:

1. Setting up new publishing units;
2. Upgrading existing plant and machinery;
3. Prepayment of loans; and
4. General corporate purposes.