Raj Television Network IPO
Raj Television Network IPO — date, price band, lot size & details 2007
Raj Television Network listed on 16 Mar 2007 at ₹225, 12.5% below the ₹257 issue price.
Raj Television Network runs Tamil entertainment channels Raj TV, on air since 1994, and Raj Digital Plus. Its total income was Rs 3,195.98 lakhs in FY2006.
Stock price
Raj Television Network 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 14 November.
- Open 14 Feb 2007
- Close 23 Feb 2007
- Allotment 07 Mar 2007
- Refund/credit TBA
- Listing 16 Mar 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 14 to 23 Feb, 2007 |
|---|---|
| Price Band | ₹221 – ₹257 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹91.78 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | Cameo Corporate Services Limited |
| Min Investment | ₹ 6,425 |
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 25 shares at the ₹257 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹6,425 |
| Retail (max) | 31 | 775 | ₹1,99,175 |
| S-HNI (min) | 32 | 800 | ₹2,05,600 |
| S-HNI (max) | 155 | 3,875 | ₹9,95,875 |
| B-HNI (min) | 156 | 3,900 | ₹10,02,300 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Raj TV had been on air since 1994.
- 02Restated net profit was Rs 986.74 lakhs in the latest period before the IPO.
- 03It was one of the largest regional satellite broadcasters in Tamil Nadu with 2 channels.
- 04Total income was Rs 3,541.54 lakhs in FY2004.
Risks · 5
- 01Restated net profit fell from Rs 473.02 lakhs in FY2002 to Rs 381.56 lakhs in FY2006.
- 02Total income fell from Rs 3,541.54 lakhs in FY2004 to Rs 3,195.98 lakhs in FY2006.
- 03Its audience was concentrated in 1 state, Tamil Nadu.
- 04Rs 33.35 crore of the Rs 91.78 crore issue went to selling shareholders.
- 05Promoter holding fell from 100% before the issue to 72.5% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Raj Television Network offer document.
| Metric | 31 Dec 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 29.50 | 31.96 | 29.64 | 35.42 |
| Profit After Tax | 9.87 | 3.82 | 2.98 | 3.67 |
| NET Worth | 44.46 | 34.69 | 30.87 | 27.89 |
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 Raj Television Network RHP.
Where the money goes
₹61.52 Cr of the issue is earmarked to named objects.
About the company
It broadcast 2 channels, Raj TV and Raj Digital Plus, which together made it one of the largest regional satellite broadcasters in Tamil Nadu. Raj TV has been in operation since 1994.
It was launching a third, multi content channel for young viewers. As of 31 December 2006 it had 253 permanent employees.
The IPO was Rs 91.78 crore, with Rs 58.43 crore of fresh issue and Rs 33.35 crore of offer for sale, at Rs 257, the top of the Rs 221 to Rs 257 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.
Raj Television Network 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.
Vivro Financial Services Private Limited
5 issues handled (2 mainboard, 3 SME)Best listing: Shanti Inorganics (+90.0%). Weakest: Silverstorm Parks & Resorts (-0.1%).
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 Raj Television Network?
The current Grey Market Premium is ₹0.
What is the Raj Television Network IPO price band?
₹221 to ₹257, on a face value of ₹10.
When is the allotment?
The basis of allotment is 7 March 2007, with listing on 16 March 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Cameo Corporate Services 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.
