* Issue Open: Oct 28, 2009 - Oct 30, 2009
* Type: 100% Book Built Issue IPO
* Size: 20,000,000 Equity Shares of Rs. 10
* Issue Size: Rs. 390.00 - 410.00 Crore
* Face Value: Rs. 10 Per Equity Share
* Price: Rs. 195-205 per Equity Share
* Lot: 30 shares
* Order Quantity: 480 shares (Rs. 98400 maximum) for retail investor
* At: BSE, NSE
* Ratings: IPO Grade 3 by ICRA, means as per ICRA, company has Average fundamentals
* Allotment Status: Coming soon!!
* Den Networks IPO Listing date: Den Networks IPO is listing around 19-November-09. (Approx)
Subscription status:
1. QIBs : 0.2484
2. HNIs: 0.0003
3. Retail: 0.0345
4. Employee: 0.0000
Overall: 0.1500
Other related links and updates for DEN Networks Limited:
* IPO Updates: DEN Networks plans IPO on Oct 28, to raise $100 mn : sources
DEN Networks Limited is one of the largest national cable television companies in India established in 2007. DEN Networks is in the business of distribution of analog and digital cable television services. They launched their digital cable television services in February 2008 under the brand “Digitelly”.The company filed its DRHP with SEBI on August 10, 2009. The company is planning an IPO of 2 crore equity shares of Rs 10 each, as per the DRHP filed with SEBI. The net issue would constitute nearly 15% of the post issue paid-up capital of the company.
Click here to read DRHP of DEN Networks.
Deutsche Equities India Pvt Ltd and Antique Capital Markets Pvt Ltd are the registrar to the issue. Karvy Computershare Pvt Ltd is the registrar.
For the year ended March 31, 2009, it has reported loss of Rs 13.8 crore and total income of 271.11 crore.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for:
1. The development of cable television infrastructure and services;
2. The development of cable broadband infrastructure and services;
3. To invest in acquisition of content and broadcasting rights;
4. To repay certain loans availed by the Company;
5. Fund expenditure for general corporate purposes.
Company Contact Information
Registered Office :
236, Okhla Industrial Estate
Phase III
New Delhi 110 020, India
Phone: + (91 11) 4052 2225
Fax: + (91 11) 4052 2203
Email: jatin.mahajan@denonline.in
Website: http://www.digitelly.in
Registrar of the Issue
Karvy Computershare Private Limited
Karvy House, 46, Avenue 4, Street No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Fax: +91-40-23311968
Email:
Website: http://karisma.karvy.com
