New Delhi: Although software-led IPO boom on the primary marked is busted, several software companies are lining up par IPOs. Media companies are also not far behind their software counterparts in announcing IPO plans. The latest to announce its IPO plan is Lunkad Media and Entertainment Ltd. The company is planning a public issue of 1.75 crore shares. The company is offering equity shares of Rs 2 each at par, aggregating Rs 3.5 crore.The company, which was incorporated in 1995, had been engaged in real estate business. The company, formerly Lunkad Real Estate, had re-christened itself Lunkad Media and Entertainment. The initial public offer is being lead managed by Aryaman Financial Services. The shares are proposed to be listed at the stock exchanges of Mumbai and Hyderabad.
Recently, a Mumbai-based media company, Popular Entertainment Network (PEN), has also announced its IPO plans. Popular is planning to go public sometime in August this year which is offering 25 lakh shares of Rs 10 each.
The other media companies who have lined up IPOs are Padmalaya Telefilms, Nimbus, Pritish Nandy Communication, Devgan Enterprises and Tapassum International. Some of the big media IPOs in the pipeline are Sun TV, NDTV, Sagar Enterprises, UTV and Sony Entertainment Corp.
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