Ghai added that it is too early to divulge names but it could definitely be a globally renowned entertainment major. He said that the company is also exploring the possibility of creating an overseas distribution network adding that global plans are linked to the company's performance. Mukta Arts, which is entering the capital market with a Rs 100 crore initial public offer, has set the floor price for the issue at Rs 150 per equity share of rupees five. The bid for the book building portion, which is around 75 per cent of the total issue size, will open on July 10 and closes on July 15. The fixed price portion, which constitutes 25 per cent of the total issue size, will open on July 28th and closes on August 1.

The issue is being lead managed by HSBC Securities & Capital Markets.The proceeds from the issue will be used to finance the company's future plans including the setting up of a film institute and movie production and distribution. The company is planning to rope in other directors for producing three categories of films with budgets of Rs 1 crore, Rs 5 crore and Rs 10 crore.

Unveiling his plans for the future, Ghai said that Mukta Arts will provide emphasis on both creation and delivery of content. While creation of content will be in the form of production of movies and serials, delivery will be made possible through the internet and film distribution.

Mukta Arts also has plans to establish a film institute which will groom talents in various fields including direction, cinematography and sound technology.