Broadcast Initiatives Ltd - IPO

Broadcast Initiatives Ltd IPO Details

Public issue of 85,50,000 equity shares of Rs. 10/- each at issue price of Rs.120/- per equity share (including share premium of Rs.110/- per equity share), aggregating Rs.102.60 crores (the Issue). The issue consists of reservation of 1,00,000 equity shares of Rs. 10/- each at issue price of Rs.120/- per equity share (including share premium of Rs.110/- per equity share) aggregating Rs.1.20 crores for eligible employees (the employee reservation portion), and net issue of 84,50,000 equity shares of Rs. 10/- each at issue price of Rs.120/-. The issue would constitute 44.27 % of fully diluted post issue paid-up capital of the company.Issue Price is Rs.120/- per equity share of face value of Rs. 10/- eachThe issue price is 12 times the face value.

Objective of issue

Purchase of land & construction of studio. Purchase of prod.,post prod. & broadcasting equip.. Prepayment of loans. General corporate purposes.

Broadcast Initiatives Ltd Contact Details

Broadcast Initiatives Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - investorservices@liveindia.tv

Website - www.liveindia.tv