PVR Limited- IPO
Issue Opens: 08 December, 2005
Issue Closes: 14 December, 2005
Issue Size : 7,350,000 (No. of Shares)
Lower Price Band : Rs.200
Upper Price Band : Rs.240
Application Multiple: 25and in multiples of 25.
Information URL : http://www.pvrcinemas.com
Prospectus URL : http://www.sebi.gov.in/dp/pvrlimited.pdf
About:
PVR was incorporated in 1995 pursuant to a joint venture between Priya Exhibitors Pvt. Ltd and Village roadshow Ltd., one of the largest non-US cinema exhibition companies in the world. However, in 2002 Village Roadshow sold its entire stake to Priya Exhibitors Pvt Ltd.
PVR will use the proceeds to finance new cinema projects, expand film distribution business, technological upgradation and renovation of existing cinemas. The new projects are in Mumbai, Hyderabad , Delhi, Indore, Gurgoan, Lucknow, Chennai, Ludhiana, Aurangabad and Latur. The 12 new cinemas at the above mentioned location will be operational from FY08.
PVR has posted a topline of Rs.70.6 crore for the FY05 as compared to Rs.49.7 crore for FY04 while the bottomline jumped to Rs.3.64 crore from Rs.1.56 crore during the same period. In H1FY06, the company had income of Rs.55.71 crore and posted profit of Rs. 3.82 crore due to new multiplex which came into operation. PVR receives 65-70 percent of its revenues from ticket sales while 10-12% and 20-22% from advertising and concessions respectively.The company is anticipating opening of 9 multiplexes in FY06 while the rest in FY07 and hence we could see a robust growth in topline in FY07 and FY08 going forward.
IPO
Issue Closes: 14 December, 2005
Issue Size : 7,350,000 (No. of Shares)
Lower Price Band : Rs.200
Upper Price Band : Rs.240
Application Multiple: 25and in multiples of 25.
Information URL : http://www.pvrcinemas.com
Prospectus URL : http://www.sebi.gov.in/dp/pvrlimited.pdf
About:
PVR was incorporated in 1995 pursuant to a joint venture between Priya Exhibitors Pvt. Ltd and Village roadshow Ltd., one of the largest non-US cinema exhibition companies in the world. However, in 2002 Village Roadshow sold its entire stake to Priya Exhibitors Pvt Ltd.
PVR will use the proceeds to finance new cinema projects, expand film distribution business, technological upgradation and renovation of existing cinemas. The new projects are in Mumbai, Hyderabad , Delhi, Indore, Gurgoan, Lucknow, Chennai, Ludhiana, Aurangabad and Latur. The 12 new cinemas at the above mentioned location will be operational from FY08.
PVR has posted a topline of Rs.70.6 crore for the FY05 as compared to Rs.49.7 crore for FY04 while the bottomline jumped to Rs.3.64 crore from Rs.1.56 crore during the same period. In H1FY06, the company had income of Rs.55.71 crore and posted profit of Rs. 3.82 crore due to new multiplex which came into operation. PVR receives 65-70 percent of its revenues from ticket sales while 10-12% and 20-22% from advertising and concessions respectively.The company is anticipating opening of 9 multiplexes in FY06 while the rest in FY07 and hence we could see a robust growth in topline in FY07 and FY08 going forward.
IPO
posted by Sensex-Blog Admin at 8:25 AM
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