Hindustan Media Ventures IPO
Hindustan Media Ventures IPO — date, price band, lot size & details 2010
Hindustan Media Ventures listed on 21 Jul 2010 at ₹177.95, 7.2% above the ₹166 issue price.
Hindustan Media Ventures publishes 'Hindustan', the third largest daily newspaper in India by readership, with leading positions in Bihar and Jharkhand. Its total income was Rs 166.96 crore in FY2010.
Stock price
Hindustan Media Ventures 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 05 Jul 2010
- Close 07 Jul 2010
- Allotment 15 Jul 2010
- Refund/credit TBA
- Listing 21 Jul 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 5 to 7 Jul, 2010 |
|---|---|
| Price Band | ₹162 – ₹175 |
| Face Value | ₹10 |
| Lot Size | 40 Shares |
| Issue Size | ₹270 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,640 |
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 ₹166 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹6,640 |
| Retail (max) | 30 | 1,200 | ₹1,99,200 |
| S-HNI (min) | 31 | 1,240 | ₹2,05,840 |
| S-HNI (max) | 150 | 6,000 | ₹9,96,000 |
| B-HNI (min) | 151 | 6,040 | ₹10,02,640 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01'Hindustan' was the third largest daily in India by readership, with 9.9 million readers in IRS Q1 2010.
- 02It had the largest readership in Bihar and Jharkhand, and the paper has been published since 1936.
- 03Total income was Rs 166.96 crore in FY2010.
- 04Rs 135.00 crore of the issue was for prepaying loans.
Risks · 5
- 01Total borrowing was Rs 135.00 crore in FY2010, against net worth of Rs 73.19 crore.
- 02Its income was only Rs 17.73 crore in FY2009, so the current business has a short record in this company.
- 03Newspapers depend on advertising and newsprint prices; Rs 55.00 crore of the issue was for upgrading machinery.
- 04Hindi newspaper markets are competitive, and new publishing units costing Rs 66.00 crore take time to pay back.
- 05HT Media held 99.85% before the issue and 77.72% after it, so it controls the company.
Three years of numbers
All figures in ₹ crore, as reported in the Hindustan Media Ventures offer document.
| Metric | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|
| Total Income | 166.96 | 17.73 | 16.86 |
| NET Worth | 73.19 | - | - |
| Total Borrowing | 135.00 | 0.00 | 0.00 |
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 Hindustan Media Ventures RHP.
Where the money goes
₹256.00 Cr of the issue is earmarked to named objects.
Hindustan Media Ventures IPO Anchor Investors
13 anchor investors across 4 fund houses committed ₹46.10 Cr a day before the issue opened.
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
It publishes and prints 'Hindustan', which according to IRS Q1 2010 was the third largest daily newspaper in India by readership, with 9.9 million readers. 'Hindustan' began publication in 1936.
The paper has the largest readership in the key Hindi speaking markets of Bihar and Jharkhand, and a growing presence in Delhi NCR, Uttar Pradesh and Uttarakhand.
The IPO was Rs 270 crore and was entirely fresh issue at Rs 166, within the Rs 162 to Rs 175 band. The money was for new publishing units, upgrading plant and machinery, and prepaying loans.
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.
Hindustan Media Ventures 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.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
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 Hindustan Media Ventures?
The current Grey Market Premium is ₹0.
What is the Hindustan Media Ventures IPO price band?
₹162 to ₹175, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 July 2010, with listing on 21 July 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
