Eros International Media IPO
Eros International Media IPO — date, price band, lot size & details 2010
Eros International Media listed on 6 Oct 2010 at ₹205.45, 17.4% above the ₹175 issue price.
Eros International Media sources Indian films and exploits them across theatres, home entertainment, television and digital media, as part of the global Eros Group. Its total income was Rs 547.51 crore in FY2010.
Stock price
Eros International Media is listed — here is the live share price.
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 15 November.
- Open 17 Sep 2010
- Close 21 Sep 2010
- Allotment 30 Sep 2010
- Refund/credit TBA
- Listing 06 Oct 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 17 to 21 Sep, 2010 |
|---|---|
| Price Band | ₹158 – ₹175 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹350 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 7,000 |
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 40 shares at the ₹175 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹7,000 |
| Retail (max) | 28 | 1,120 | ₹1,96,000 |
| S-HNI (min) | 29 | 1,160 | ₹2,03,000 |
| S-HNI (max) | 142 | 5,680 | ₹9,94,000 |
| B-HNI (min) | 143 | 5,720 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 438.78 crore in FY2008 to Rs 547.51 crore in FY2010.
- 02Profit after tax rose from Rs 34.48 crore in FY2008 to Rs 51.64 crore in FY2010.
- 03It is part of the Eros Group, with an extensive film library and offices in 8 countries.
- 04Net worth rose from Rs 62.75 crore in FY2008 to Rs 178.47 crore on 30 June 2010.
- 05Rs 280.00 crore of the issue was for acquiring and co producing films.
Risks · 5
- 01Film returns are uncertain, and Rs 280.00 crore of the issue was to be spent on new films.
- 02Total borrowing rose from Rs 118.43 crore in FY2008 to Rs 194.45 crore on 30 June 2010.
- 03It depends on its parent Eros plc for much of its content and overseas distribution; total income was Rs 118.22 crore in the June 2010 quarter.
- 04Piracy and changes in how people watch films can cut revenue; FY2010 profit was Rs 51.64 crore.
- 05Eros plc held 100% before the issue and 78.12% after it, so it controls the company.
Three years of numbers
All figures in ₹ crore, as reported in the Eros International Media offer document.
| Metric | 30 Jun 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | 739.33 | 724.87 | 777.92 | 654.12 |
| Total Income | 118.22 | 547.51 | 479.61 | 438.78 |
| Profit After Tax | 13.82 | 51.64 | 47.93 | 34.48 |
| NET Worth | 178.47 | 163.47 | 109.40 | 62.75 |
| Reserves and Surplus | 104.56 | 90.73 | 104.30 | 57.65 |
| Total Borrowing | 194.45 | 169.04 | 122.07 | 118.43 |
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 Eros International Media RHP.
Where the money goes
₹318.54 Cr of the issue is earmarked to named objects.
Eros International Media IPO Anchor Investors
8 anchor investors across 3 fund houses committed ₹59.40 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Citigroup Global Markets Mauritius Private Limited | Citigroup | 575,757 | 9.50 | 15.99% |
| The India Fund Inc | - | 606,061 | 10.00 | 16.84% |
| IDFC Tax Advantage (ELSS) Fund | Bandhan Mutual Fund | 59,800 | 0.99 | 1.66% |
| IDFC Small And Midcap Equity (Sme) Fund | Bandhan Mutual Fund | 661,412 | 10.91 | 18.37% |
| Indea Capital Pte Limited A/C Indea Ankam Master Fund | - | 60,606 | 1.00 | 1.68% |
| Lloyd George Investment Management (Bermuda) Limited A/C Lg India Fund Limited | - | 424,242 | 7.00 | 11.78% |
| Indus Capital Adviser (Uk) LLP A/C Indus India Fund (Mauritius) Limited | - | 606,061 | 10.00 | 16.84% |
| Lockheed Martin Corporation Master Retirement Trust | - | 606,061 | 10.00 | 16.84% |
| Total anchor allocation | 59.40 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
The Eros Group has been in Indian media and entertainment for close to three decades. It has an extensive film library and sources Indian film content and exploits it worldwide.
The group has offices in India, the UK, USA, UAE, Singapore, Australia, the Isle of Man and Fiji, and works across theatres, home entertainment, television and digital media.
The IPO was Rs 350 crore and was entirely fresh issue at Rs 175, the top of the Rs 158 to Rs 175 band. Most of the money was for acquiring and co producing Indian films, mainly in Hindi.
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.
Eros International Media 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.
Axis Capital
256 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledBest listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).
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 Eros International Media?
The current Grey Market Premium is ₹0.
What is the Eros International Media IPO price band?
₹158 to ₹175, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 September 2010, with listing on 6 October 2010.
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.
