Incorporated in 2007, Den Networks Limited is one of the largest national cable television companies in India engaged in the distribution of analog and digital cable television services. They launched their digital cable television services in February 2008 under the brand “Digitelly”. Den Networks currently provide cable television services in the National Capital Region of Delhi and the states of Uttar Pradesh, Rajasthan, Maharashtra, Gujarat, Karnataka, Haryana, Madhya Pradesh and Kerala.
Den Networks offer up to 180 channels through their digital cable television service. Den also provides value-added services to their subscribers, such as an interactive electronic programme guide, programme reservations, “red button” initiatives, audio music channels, on-screen reminders, interactive games and parental controls. They are also planning for additional value-added services such as pay-per-view services, interactive educational programmes, personal video recording and mosaic viewing.
In January 2008, Den Networks entered into a 50:50 joint venture agreement with STAR with respect to STAR-DEN. STAR-DEN acts as a content aggregator and currently has the exclusive right to distribute 23 television channels including the entire STAR group of channels, the entire Disney group of channels, selected Network18 channels, the entire Times Group of channels etc in India, Bhutan and Nepal.
Objects of the Issue:The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To invest in the development of cable television infrastructure and services;2. To invest in the development of cable broadband infrastructure and services;3. To invest in acquisition of content and broadcasting rights;4. To repay certain loans availed by the Company;5. Fund expenditure for general corporate purposes.
»» Issue Open: Oct 28, 2009 - Oct 30, 2009
Den Networks Ltd IPO Grading / Rating
ICRA has assigned an IPO Grade 3 to Den Networks Ltd IPO. This means as per ICRA, company has Average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Link to download ICRA rating document.
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Den Networks IPO Rating
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Den Networks IPO Messages (Den Networks IPO Comments)
DEN 184- Target 199, 205-215 zone & then 225-240 zone (third target risky). Support in 181-177 range. Stop-loss 165. If sto-loss is breached, fall to 156-142 area.
Den 159- Resistance in 169 - 181 area. It could fall to 139-130 zone, 120-105 range or even 90.
Buy Den networks at current price
Den networks : another perfect call by SP Tulsian, koi bhi prediction wrong nahi jata...
Trading pattern in this script is very stong .. this is having a target of 176 and then 183 . i told in my earlier post to buy it at 158 on day 1 .. now the support is 164 .. so better purchase it at that price .. in small quantity and get good return...
bhaiya door raho abhi ipo ke market se siff paisa le raha hai abhi de nahi raha main reosen behind this sab log samajhte hai ki ipo me lagayo paisa double ab fpo market ki taraf chalo sab chodho ipo market badh me jaye aisa gamble jo apne paise ko kam.. kam...kam.. kae ja raha hai kisi ipo mat lagayo apne aap chote ipo aana band ho jayenge...........
Great decision by Retail Investors by not applying in this issue. Retail portion was just subscribed 10%. Give lesson to such companies.
I already inform you all yesterday itself. it will close nearly 167. it is true now.
Those of you who have lost money in DEN IPO dont worry. market will give an opportunity to make money in some other issues.
S P Tulsian only person advised to subscribed for
next target is Rs. 125 and it will be available less than 100. if the tv ch. operators are faling then how a cable network operator will give good results.
Den Networks 154- It has strong resistance in 183-170 zone. Target 142, 134, 125, 111, 96 (Intra-day Call). Stop-loss 166. When fall to 142, trial stop-loss to 155, when fallto 134, trial stop-loss to 142. Like this, keep trialing stop-loss.
DEN NETWORKD lISTING RS. 195 AND CURRENT PRICE RS.159
The real game play is here:
The promoters of Den Networks had entered into an agreement with the IL&FS Investors not to price the IPO below the conversion price of cumulative convertible preference shares (CCPS) issued to the latter on 21 January 2008 and 17 February 2009.
Sell it now otherwise, after one week Less than 100. (same like Euro Multivision 50% Down).
stock is oversold.. now they are accumalting at lower level...
CAN WE ALL CHANGE NAME OF THIS IPO MARKET TO "LOOOOOOT MARKET":
sell otherwise yesterday it will maintain this level too
seeing some weird action in this script .. .best is to avoid it ..