|
|
|
| Company |
Adlabs Films
|
| Market Price |
Not listed |
| Lead manager |
SBI Capital Markets, Centrum Finance
|
| Listing At |
BSE, NSE
|
| Opening/Closing |
December 11/December 16 |
| Promoters |
Manmohan Shetty, Vassanji Mamania
|
| Associate Co. |
Adlabs Film Laboratories Pvt Ltd, Adlabs Finance Ltd, Mamania Films Pvt Ltd, Adlabs Shringar Multiplex Cinemas Ltd., M/S Adlabs, Adlabs Video Pvt Ltd,
|
| Managing Director |
Manmohan Shetty
|
| Post-issue Stake |
79.54%
|
| Issue |
|
| Size |
Rs 528 million
|
| Price |
Face value: Rs 5, Premium: Rs 115
|
| On Application |
Rs 120 |
| On Allotment |
— |
| Objective |
Set up an I-MAX Dome theatre and Multiplex Theatre with 4 screens at Bombay, modernise existing film processing facilities
|
| Business |
|
| Present |
Processing and printing of cinematographic film, Trading of raw cinematographic films
|
| Proposed Project
|
Set up multiplexes and an I-MAX theatre with the world's largest dome |
| Location |
Bombay
|
| Project cost |
Rs 610 million
|
| Funded by |
Equity, internal accruals, unsecured loan |
| Kensource projections |
(2001) |
| Sales |
Rs 815 million |
| Profit |
Rs 11.4 million
|
| Earnings per share |
Rs 5.30
|
| Forward P/E |
31 |
| Post-issue equity |
Rs 107.5 million
|
| Return on net worth |
17%
|
| Comment |
New concept, risky, unrelated business, capital-intensive, not enough cushion for all this in the issue price. |
| Rating *
|
E. Consider after March 2001 numbers come out
|
* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
IPO Analysis
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