Prime Focus IPO
Prime Focus IPO — date, price band, lot size & details 2006
Prime Focus listed on 20 Jun 2006 at ₹322, 22.8% below the ₹417 issue price.
Prime Focus is a post-production company for television, advertising and film, which used its IPO to set up studios in London, Los Angeles and Hyderabad. Its total income was Rs 32.19 crore in FY2005.
Stock price
Prime Focus 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 25 May 2006
- Close 03 Jun 2006
- Allotment 12 Jun 2006
- Refund/credit TBA
- Listing 20 Jun 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 25 May to 3 Jun, 2006 |
|---|---|
| Price Band | ₹417 – ₹500 |
| Face Value | ₹10 |
| Lot Size | 12 Shares |
| Issue Size | ₹115 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 5,004 |
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 12 shares at the ₹417 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 12 | ₹5,004 |
| Retail (max) | 39 | 468 | ₹1,95,156 |
| S-HNI (min) | 40 | 480 | ₹2,00,160 |
| S-HNI (max) | 199 | 2,388 | ₹9,95,796 |
| B-HNI (min) | 200 | 2,400 | ₹10,00,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 12.67 crore in FY2002 to Rs 32.19 crore in FY2005.
- 02Profit after tax rose from Rs 1.78 crore in FY2002 to Rs 8.24 crore in FY2005, and was Rs 11.04 crore in nine months to December 2005.
- 03Net worth rose from Rs 31.02 crore in FY2005 to Rs 66.58 crore on 31 December 2005.
- 04Rs 27.25 crore of the issue was for domestic expansion.
Risks · 5
- 01Rs 45.00 crore of the issue was for a London studio and Rs 15.00 crore for a Los Angeles studio, new markets for it.
- 02It had not yet identified or finalised a target company in the US, though Rs 15.00 crore was set aside for a Los Angeles studio.
- 03Post-production work depends on film, TV and advertising budgets; total income was Rs 33.57 crore in nine months to December 2005.
- 04The issue was priced at Rs 417, the bottom of its band.
- 05Promoter holding fell from 68.43% before the issue to 54% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Prime Focus offer document.
| Metric | 31 Dec 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|---|
| Total Income | 33.57 | 32.19 | 20.32 | 16.24 | 12.67 |
| Profit After Tax | 11.04 | 8.24 | 3.30 | 2.32 | 1.78 |
| NET Worth | 66.58 | 31.02 | 19.58 | 12.96 | 9.28 |
| Reserves and Surplus | 56.76 | 22.21 | 11.26 | 8.99 | 5.32 |
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 Prime Focus RHP.
Where the money goes
₹107.25 Cr of the issue is earmarked to named objects.
About the company
It describes itself as one of the early entrants in comprehensive production and post-production services in India.
The IPO was meant to take it abroad, with new studios in London and Los Angeles and a new studio in Hyderabad, along with expansion at home.
The IPO was Rs 115 crore and was entirely a fresh issue at Rs 417, the bottom of the Rs 417 to Rs 500 band. The money was for a London studio, a Los Angeles studio, a Hyderabad studio, domestic expansion and working capital.
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.
Prime Focus 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.
Centrum Capital Ltd.
27 issues handledBest listing: Nandan Exim (+140.0%). Weakest: Waterways Leisure Tourism (-14.6%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
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 Prime Focus?
The current Grey Market Premium is ₹0.
What is the Prime Focus IPO price band?
₹417 to ₹500, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 June 2006, with listing on 20 June 2006.
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.
