|
Mukta Arts' IPO price fixed at Rs 165
PRESS TRUST OF INDIA
Mumbai July 20: Mukta Arts has fixed its IPO offer price at Rs 165, post-book building round. Earlier, for its Rs 100 crore public offering, Subhash Ghai promoted Mukta Arts had pegged the floor price at Rs 150. The book building part of the issue, aggregating Rs 75 crore, closed on July 15 and was oversubscribed 5.8 times, arelease said. HSBC Securities and Capital Markets was the book running lead manager while Enam Financial was the co-book runner to the issue.Since the aggregate amount from the IPO was pre-fixed at Rs 100 crore, at the current price of Rs 165 per equity share of Rs 5, Mukta Arts will issue 60.607 lakh shares. The fixed price portion consisting of 15.153 lakh shares will open on July 28 The objectives of the IPO were to finance the setting up of an integrated studio complex cum research centre at Mumbai, to fund acquisition of rights of movies and other entertainment softwares and augment working capital. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
|