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Home > Money > Stocks > IPO Center > IPO Analysis
February 19, 2001
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 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.

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