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July 10, 2000
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|
| Company |
Mukta Arts |
| Market Price |
Not listed |
| Lead manager |
HSBC Securities, Enam Financial Consultants
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| Listing At |
BSE, NSE, Calcutta
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| Opening/Closing |
Bid - July 10 / July 15, Fixed Price - July 28/ August 1
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| Promoters | Subhash Ghai
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| Associate Co. |
Mukta Arts International, Mukta Tele Arts, Mukta Shakti Combines, Meghna Enterprises, Metro Films, Ghaifam Productions, Mukta Arts, Mukta Pictures, Mukta Exports, Tarudhan Farms, Drishti India, Inter Airwings
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| Managing Director |
Subhash Ghai
|
| Post-issue Stake |
71.22%
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| Issue |
|
| Size |
6.66 million shares aggregating Rs 1 billion
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| Price |
Face value Rs 5, Floor price Rs 150
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| On Application |
Minimum bid - 1,100 shares
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| On Allotment |
—
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| Objective |
Establish an integrated studio complex cum Research & Training Center which includes a theatre, finance the purchase of equipment for the studio, acquire rights of movies, Hindi film songs etc, finance overseas and domestic distribution network, web casting services (video and audio)
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| Business |
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| Product |
Production and distribution of entertainment content, equipment leasing
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| Location |
Bombay
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| Project cost |
Rs 1 billion
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| Funded by |
Equity
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| Kensource projections |
(2001) |
| Sales |
Rs 325 million
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| Profit |
Rs 200 million
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| Earnings per share |
Rs 8.50
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| Return on equity |
17% |
| Comment | High risk? Definitely. High returns? Maybe. Growth Path? Not sustainable. Future? Likewise
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| Rating *
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C
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* A=Subscribe & Hold ; B = Subscribe & Watch C=Subscribe & Sell ; D = Avoid
By Kensource Information Services Pvt. Ltd.
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