Broadcast Initiatives IPO
Broadcast Initiatives IPO — date, price band, lot size & details 2007
Broadcast Initiatives listed on 7 Mar 2007 at ₹140, 16.7% above the ₹120 issue price.
Broadcast Initiatives ran Janmat, a Hindi news channel commercially launched in April 2006, promoted by the Adhikari brothers. It was loss making at the time of its IPO.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 09 Feb 2007
- Close 14 Feb 2007
- Allotment TBA
- Refund/credit TBA
- Listing 07 Mar 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 9 to 14 Feb, 2007 |
|---|---|
| Price Band | ₹100 – ₹120 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹102.6 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹120 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,000 |
| Retail (max) | 33 | 1,650 | ₹1,98,000 |
| S-HNI (min) | 34 | 1,700 | ₹2,04,000 |
| S-HNI (max) | 166 | 8,300 | ₹9,96,000 |
| B-HNI (min) | 167 | 8,350 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Janmat had run since its test launch on 14 November 2005.
- 02Income was Rs 667.57 lakhs in the five months after its launch, to September 2006.
- 03Net worth was Rs 1138.56 lakhs on 30 September 2006.
- 04It had 275 permanent employees.
Risks · 5
- 01It made a loss of Rs 582.20 lakhs in the five months to September 2006.
- 02The channel Janmat had only recently launched on 30 April 2006 and its success was unproven.
- 03Return on net worth was negative at 41.15%.
- 04Hindi news is crowded, and ad income depends on viewer ratings for its 1 channel.
- 05Promoter holding fell from 99.99% before the issue to 55.73% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Broadcast Initiatives offer document.
| Metric | 30 Sep 2006 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|
| Total Income | 6.68 | - | - |
| Profit After Tax | -5.82 | - | - |
| NET Worth | 11.39 | 16.91 | 2.05 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Broadcast Initiatives RHP.
Where the money goes
₹102.60 Cr of the issue is earmarked to named objects.
About the company
It is in the broadcasting business and runs the news channel Janmat.
Janmat began its test run on 14 November 2005 and was commercially launched on 30 April 2006. As on 31 December 2006 it had 275 permanent employees.
The IPO was Rs 102.60 crore and was entirely a fresh issue of 85,50,000 shares at Rs 120, the top of the Rs 100 to Rs 120 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Broadcast Initiatives IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Broadcast Initiatives?
The current Grey Market Premium is ₹0.
What is the Broadcast Initiatives IPO price band?
₹100 to ₹120, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 7 March 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
