Nimbus is offering 43.31 lakh shares through the book-building route, while in the fixed price portion, which follows the book-building exercise, approximately 14.44 lakh shares are being offered. SBI Caps is the book running lead manager to the issue, while IDBI and Khandwala Securities are the co-lead managers to the issue. Post-issue, the shares of the company will be listed on the stock exchanges at Mumbai, Delhi, Bangalore and the National Stock Exchange.

According to the issue prospectus, Nimbus has firmed up plans to foray into TV and radio broadcasting through two TV channels and one FM radio station. It also intends to enter the Internet service provider business and start movie production. In addition, the company also plans to expand its core areas of business, which includes TV software production and media marketing. It will also invest in Internet content and web solutions.The company plans to invest around Rs 43.13 crore for the expansion of its existing business. In IT-related business, the deployment would be around Rs 46 crore, in TV broadcasting Rs 49 crore and Rs 9.19 crore in FM radio broadcasting. The funds are scheduled to be invested over a period of two years ending fiscal 2002.

The total fund requirements is pegged at Rs 204 crore and the whole of it is to be met from the proceeds of the public issue. The issue is fully underwritten by the lead manager, the co-lead managers and by the syndicate members.

For fiscal 2000 ending March 31, the company projects a total income of Rs 102.45 crore and a net profit of Rs 10.17 crore. On its post-issue equity base of Rs 23.10 crore, earnings per share works out to Rs 4.41 crore.