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Midvalley Entertainment Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

₹ 60

Price Range (₹)

₹ 70

Lot Size

95

Min Investment (₹)

₹ 6,650.00

Listing Exchange

Mumbai

Open Date

10-Jan-2011

Close Date

12-Jan-2011

Listing Date

27-Jan-2011

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Midvalley Entertainment Ltd IPO Details

Public issue of 85,71,429 equity shares of Rs. 10/- each (The Equity Share) for cash at a price of Rs. 70/- per equity share (including a share premium of Rs. 60/- per equity share) aggregating to Rs. 60.00 crores (The Issue) by Midvalley Entertainment Limited (MVEL or The Company or The Issuer). The issue shall constitute 25.04% of the post issue share capital of the company.Issue price: Rs. 70/- per equity share of face value Rs. 10 each.Issue price is 7.0 times of the face value

Objective of issue

Entering screening agreements with cinema theatres. Renovation & Up-gradation of cinema infrastructure. Acquisition of company, acq. of screening rights. To meet general corporate expenses.

Midvalley Entertainment Ltd Contact Details

Midvalley Entertainment Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

Phone - 91-44-28462700

Fax - 91-44-28460129

Email - cs@mvel.in, info@mvel.co.in