UTV Software Communications IPO
UTV Software Communications IPO — date, price band, lot size & details 2005
UTV Software Communications listed on 17 Mar 2005 at ₹150, 15.4% above the ₹130 issue price.
UTV Software Communications is a Mumbai based media company that produces television content and was moving into film production and distribution. Its total income was Rs 98.70 crore in FY2004.
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 Feb 2005
- Close 25 Feb 2005
- Allotment TBA
- Refund/credit TBA
- Listing 17 Mar 2005
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 25 Feb, 2005 |
|---|---|
| Price Band | ₹115 – ₹130 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹91 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies 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 50 shares at the ₹130 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 50 | ₹6,500 |
| Retail (max) | 30 | 1,500 | ₹1,95,000 |
| S-HNI (min) | 31 | 1,550 | ₹2,01,500 |
| S-HNI (max) | 153 | 7,650 | ₹9,94,500 |
| B-HNI (min) | 154 | 7,700 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax rose to Rs 6.83 crore in six months to September 2004, from Rs 0.08 crore in all of FY2004.
- 02Total income rose from Rs 93.02 crore in FY2002 to Rs 98.70 crore in FY2004.
- 03It had a deal with STAR to produce 2 films.
- 04Net worth was Rs 66.43 crore on 30 September 2004.
Risks · 5
- 01Profit after tax was tiny at Rs 0.04 crore in FY2002, Rs 0.09 crore in FY2003 and Rs 0.08 crore in FY2004.
- 02It had limited experience in film production; its only film until then was made in 1998.
- 03EBITDA fell from Rs 16.67 crore in FY2002 to Rs 12.39 crore in FY2004.
- 04It had not signed agreements for the expansion to be funded by the issue; total borrowing was Rs 24.21 crore.
- 05Promoter group holding fell from 56.03% before the issue to 43.11% after it.
Three years of numbers
All figures in ₹ crore, as reported in the UTV Software Communications offer document.
| Metric | 30 Sep 2004 | 31 Mar 2004 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|---|
| Total Income | 66.31 | 98.70 | 95.87 | 93.02 |
| Profit After Tax | 6.83 | 0.08 | 0.09 | 0.04 |
| EBITDA | 4.64 | 12.39 | 15.46 | 16.67 |
| NET Worth | 66.43 | 58.98 | 80.77 | 60.24 |
| Reserves and Surplus | 51.44 | 44.56 | 66.34 | 46.32 |
| Total Borrowing | 24.21 | 31.37 | - | - |
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 UTV Software Communications RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
UTV Software Communications IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹0.06 | ₹7.01 |
| P/E Ratio (x) | 2,301.45 | 18.54 |
| Market Cap at Offer Price (₹ Cr) | ₹14,798.33 | ₹126.66 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹130 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹74.00 Cr of the issue is earmarked to named objects.
About the company
It produces television content and also works in film production and distribution, animation and airtime sales.
It had been the sole distributor in some territories for the films Lakshya, Swades, Hyderabad Blues II and Morning Raga in 2004-05, and on 4 August 2004 signed an agreement with STAR to produce two films.
The IPO was Rs 91 crore, with Rs 58.50 crore of fresh issue and Rs 32.50 crore of offer for sale, at Rs 130, the top of the Rs 115 to Rs 130 band. The fresh money was for expansion and upgrades.
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.
UTV Software Communications 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.
Axis Capital
260 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
HSBC InvestDirect Securities (India) Ltd
24 issues handledBest listing: Dishman Pharmaceuticals & Chemicals (+97.1%). 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 UTV Software Communications?
The current Grey Market Premium is ₹0.
What is the UTV Software Communications IPO price band?
₹115 to ₹130, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 17 March 2005.
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.
