Eros International Media falls after completion of OFS

Meanwhile, the BSE Sensex was down 193.05 points or 0.99% to 19,260.87

On BSE, 3.39 lakh shares were traded in the counter as against average daily volume of 2.16 lakh shares in the past one quarter.

The stock hit a high of Rs 210.75 and a low of Rs 200.05 so far during the day. The stock had hit a 52-week high of Rs 235.05 on 4 December 2012. The stock had hit a 52-week low of Rs 153.05 on 18 September 2012.

The stock had outperformed the market over the past one month till 20 December 2012, surging 15.63% compared with the Sensex's 6.14% rise. The scrip had also outperformed the market in past one quarter, jumping 9.55% as against Sensex's 6.02% gain.

 

The stock had outperformed the market over the past one month till 20 December 2012, surging 28.52% compared with the Sensex's 6.14% rise. The scrip had also outperformed the market in past one quarter, jumping 31.11% as against Sensex's 6.02% gain.

The small-cap company has equity capital of Rs 91.78 crore. Face value per share is Rs 10.

Investors put in bids for 1.13 crore shares in the Offer for Sale (OFS) by Eros Worldwide FZ LLC. The indicative price, the volume weighted average price of all the valid/confirmed bids, was pegged at Rs 202.62 per share. The company had fixed clearing price for allocation at Rs 204.10 per share. The bids at or above the clearing price were considered for allocation on price priority basis, the company said.

Eros International Media promoter, Eros Worldwide FZ LLC had launched an OFS of 25.73 lakh equity shares or 2.8% stake of Eros International Media. The OFS began at 9:15 IST and closed at 15:30 on Thursday, 20 December 2012. The floor price for the OFS was pegged at Rs 200 per share.

Eros Worldwide FZ LLC currently held 54.15% stake in Eros International Media (as per the shareholding pattern as on 30 September 2012). The total holding of promoters in the company was 77.8%.

Eros International Media's consolidated net profit fell 4.6% to Rs 26.08 crore on 31.2% growth in net sales to Rs 229.27 crore in Q2 September 2012 over Q2 September 2011.

An entertainment firm, Eros International Media, operates on a vertically integrated studio model, controlling content as well as distribution and exploitation across all formats globally, including cinema, digital, home entertainment and television syndication.

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