| The issue size, at a price band of Rs 115-130 per share, will be Rs 80.5-Rs 91 crore. At this price band, the valuation of the company is pegged at Rs 224-Rs 250 crore. |
| Post issue, the promoter group's holding in the company will stand reduced to 43.98 per cent of the post issue paid up capital from 57.17 per cent of the pre-issue paid up capital. |
| The IPO proceeds will be used to fund the company's expansion plans. |
| UTV has signed a Rs 25 crore movie production deal with Star. It has also acquired all-India and all-platform distribution rights for 130 movies from Miramax for a total consideration of around Rs 3.5 crore ($800,000). UTV will own the rights for a period of 10 years. |
| As per UTV's agreement with Star, UTV will produce two movies over 36 months. While UTV will own the theatrical rights, Star will have exclusive perpetual global rights for the two movies, including satellite, cable, terrestrial and other streaming through internet, broadband or telephony. |
| However, the first telecast of each movie on television will be available to Star only after the first theatrical release. |
| The company plans to enhance its production facilities, infuse capital in the broadcasting venture Hungama TV, movie production and movie distribution business. |
| Ronie Screwvala, CEO of UTV Software Communications, said in a press conference in Mumbai: "Our strategy is to establish UTV as a truely diversified media and entertainment company. With skill sets in production and exploitation of content across television and movies, backed by a strong in-house creative team, the company is well positioned to enhance its role as an integrated entertainment company." |
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