Sea TV Network IPO
Sea TV Network IPO — date, price band, lot size & details 2010
Sea TV Network listed on 14 Oct 2010 at ₹120, 20% above the ₹100 issue price.
Sea TV Network is an Agra based multi system operator (MSO) supplying TV signals to local cable operators, with its own local channels. It raised Rs 50.2 crore in its IPO.
Stock price
Sea TV 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 12 November.
- Open 27 Sep 2010
- Close 29 Sep 2010
- Allotment 08 Oct 2010
- Refund/credit TBA
- Listing 14 Oct 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 Sep, 2010 |
|---|---|
| Price Band | ₹90 – ₹100 |
| Face Value | ₹10 |
| Lot Size | 65 Shares |
| Issue Size | ₹50.2 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,500 |
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 65 shares at the ₹100 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 65 | ₹6,500 |
| Retail (max) | 30 | 1,950 | ₹1,95,000 |
| S-HNI (min) | 31 | 2,015 | ₹2,01,500 |
| S-HNI (max) | 153 | 9,945 | ₹9,94,500 |
| B-HNI (min) | 154 | 10,010 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It had a network of about 150 franchisees across Agra city.
- 02Rs 27.52 crore of the issue was for a digital headend and conditional access system.
- 03It runs its own local channels focused on Agra and Uttar Pradesh, and Rs 5.28 crore was set aside for IPTV.
- 04Rs 6.56 crore was for its own fibre network across Agra.
Risks · 5
- 01Its business was limited to Agra and nearby areas, served through about 150 franchisees.
- 02Moving from analog to digital and IPTV needed Rs 27.52 crore and Rs 5.28 crore of spending, which carries technology risk.
- 03Local cable operators can switch to rival MSOs or DTH, which hits its subscriber base; the issue was Rs 50.2 crore.
- 04Its financial figures could not be confirmed from the prospectus, so they are not shown; the IPO was priced at Rs 100.
- 05Promoters held 99.997% before the issue and 58.23% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Sea TV Network offer document.
| Metric | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|
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 Sea TV Network RHP.
Where the money goes
₹59.65 Cr of the issue is earmarked to named objects.
About the company
It works as a multi system operator for local cable TV operators in Agra and nearby areas. It also runs its own local channels, made by its own production team, focused on Agra and Uttar Pradesh news and events.
It had a network of about 150 franchisees across Agra city and planned to adopt IPTV to deliver TV channels.
The IPO was Rs 50.2 crore and was entirely fresh issue at Rs 100, the top of the Rs 90 to Rs 100 band. The money was for a digital headend with conditional access, an IPTV network, an underground fibre network in Agra and branch offices.
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.
Sea TV 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.
Chartered Capital & Investment Ltd
13 issues handledBest listing: Celestial Labs (+25.0%). Weakest: AMD Metplast (-2.7%).
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 Sea TV Network?
The current Grey Market Premium is ₹0.
What is the Sea TV Network IPO price band?
₹90 to ₹100, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 October 2010, with listing on 14 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.
