IPO OPENS TODAY

Midvalley Entertainment Limited
Price Band: Rs64to Rs 70 
Issue Opens on: January 10, 2011 | Issue Closes on: January 12, 2011

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IPO  - ISSUE DETAILS Issue Opens: January 10, 2011 Issue Closes: January 12, 2011 Lot Size: 95 Shares & in multiples of 95 shares thereafter Price Band: Rs64 - Rs70 Issue size: Rs 60 crore

Issue Highlights (Source: BRLM/RHP)

Midvalley is a pictures production, distribution and display company, actively engaged in the media and entertainment industry in South India. It has presence in the media and entertainment activity from concept to completion i.e. from script to screen. It produces, distribute and exhibit movies both in Indian and foreign languages. The company also operates and manages a chain of 69 theatres in distribution territories of Hyderabad and Tamil Nadu. 


Issue proceeds are proposed to be utilised for entering into screening agreements with 300 movie theatres; renovation and up-gradation of theatres infrastructure with digital equipment and other related assets for a select 100 screens; buying a company and/or screening rights of the company having similar line, range and objects of business.