|
|
Company |
Moving Picture Company (India) |
Market Price |
Unlisted |
Lead manager |
UTI Securities Exchange |
Listing At |
Delhi, Ahmedabad, Calcutta
|
Opening/Closing |
Februrary 19/Februrary 26 |
Promoters |
Ramesh Sharma, Uma Gajapathi Raju
|
Associate Co. |
First Channel India Private Ltd, TVAM (india) Pvt Ltd
|
Managing Director |
Ramesh Sharma
|
Post-issue stake |
50.73%
|
Issue |
|
Size |
Rs 100 million
|
Price |
Rs 40
|
On Application |
Rs 20
|
On Allotment |
Rs 20 |
Objective |
Infrastructure enhancement, producing films |
Business |
|
Present |
Produce films, TV software, (mainly documentaries and informative programmes)
|
Proposed Project
|
Integrated studio cum office and hiring and furnishing a studio at Bombay, set up animation studio, produce two feature length films with Duna TV, Hungary, produce pilots for serials
|
Location |
Delhi, Bombay
|
Project cost |
Rs 135.55 million
|
Funded by |
Promoters, friends & associates (26%), public issue (74%)
|
Kensource projections |
(2002) |
Sales |
Rs 95 million |
Profit |
Rs 19 million
|
Earnings per share |
Rs 2.34
|
Forward P/E |
17 |
Post-issue equity |
Rs 81.25 million |
Return on net worth |
9%
|
Comment |
Issue is outpriced. Growth appears to be slowing down too. Charismatic and influential promoters, however area of work is niche
|
Rating *
|
E
|
* 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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