New Delhi Television IPO
New Delhi Television IPO — date, price band, lot size & details 2004
New Delhi Television listed on 19 May 2004 at ₹120, 71.4% above the ₹70 issue price.
New Delhi Television (NDTV) is a news broadcaster that runs the English news channel NDTV 24x7 and the Hindi news channel NDTV India. Its total income was Rs 103.03 crore in FY2003.
Stock price
New Delhi Television 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 12 November.
- Open 21 Apr 2004
- Close 28 Apr 2004
- Allotment TBA
- Refund/credit TBA
- Listing 19 May 2004
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 28 Apr, 2004 |
|---|---|
| Price Band | ₹63 – ₹70 |
| Face Value | ₹4 |
| Lot Size | 100 Shares |
| Issue Size | ₹109 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | NSE, BSE |
| Registrar | KFin Technologies 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 100 shares at the ₹70 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 100 | ₹7,000 |
| Retail (max) | 28 | 2,800 | ₹1,96,000 |
| S-HNI (min) | 29 | 2,900 | ₹2,03,000 |
| S-HNI (max) | 142 | 14,200 | ₹9,94,000 |
| B-HNI (min) | 143 | 14,300 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Its two news channels were rated first and second in their genres for the four weeks ending 20 March 2004.
- 02Total income rose from Rs 80.23 crore in FY2001 to Rs 103.03 crore in FY2003.
- 03Return on net worth was 17.34%.
- 04Rs 20.00 crore of the issue was for prepaying loans.
Risks · 5
- 01Profit after tax fell from Rs 23.26 crore in FY2002 to Rs 20.67 crore in FY2003, as it moved from producing content to running its own channels.
- 02Running 24 hour channels needs heavy spending before advertising income builds; Rs 20.00 crore was for working capital.
- 03It had a suit against Doordarshan over unpaid dues for programmes made in 1994 to 1996.
- 04It received notices in 1998 under the Foreign Exchange Regulation Act, 1973 from the Enforcement Directorate.
- 05Promoter holding fell from 65.12% before the issue to 54.78% after it.
Three years of numbers
All figures in ₹ crore, as reported in the New Delhi Television offer document.
| Metric | 31 Mar 2003 | 31 Mar 2002 | 31 Mar 2001 |
|---|---|---|---|
| Assets | 126.29 | 114.26 | 100.29 |
| Total Income | 103.03 | 94.54 | 80.23 |
| Profit After Tax | 20.67 | 23.26 | 23.07 |
| Reserves and Surplus | 9.76 | 4.63 | 2.31 |
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 New Delhi Television RHP.
Where the money goes
₹55.00 Cr of the issue is earmarked to named objects.
About the company
It began as a producer of news and other programmes for broadcasters, and in April 2003 became a news broadcaster by launching its own 24 hour channels, NDTV 24x7 in English and NDTV India in Hindi.
For the four weeks ending 20 March 2004, NDTV 24x7 and NDTV India were rated the first and second most popular news channels in their genres by TAM viewership data.
The IPO was Rs 109 crore, with Rs 67.62 crore of fresh issue and Rs 41.38 crore of offer for sale, at Rs 70, the top of the Rs 63 to Rs 70 band. The fresh money was for prepaying loans, working capital and general corporate purposes.
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.
New Delhi Television 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.
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
JM Morgan Stanley Pvt. Ltd
22 issues handledBest listing: Infrastructure Development Finance Co (+76.5%). Weakest: House of Pearl Fashions (-9.1%).
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 New Delhi Television?
The current Grey Market Premium is ₹0.
What is the New Delhi Television IPO price band?
₹63 to ₹70, on a face value of ₹4.
When is the allotment?
The basis of allotment is TBA, with listing on 19 May 2004.
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.
