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Den Networks Limited IPO (Den Networks IPO) Detail

Oct 28, 2009 - Oct 30, 2009

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 Detail:

  »»  Issue Open: Oct 28, 2009 - Oct 30, 2009
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 18,567,240 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 364.46 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 195 - Rs. 205 Per Equity Share
  »»  Market Lot: 30 Shares
  »»  Minimum Order Quantity: 30 Shares
  »»  Listing At: BSE, NSE

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.

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved9,454,9801,975,0005,925,000250,00017,604,980
Day 1 - Oct 28, 2009 17:00 IST0.24840.00030.03450.00000.1500
Day 2 - Oct 29, 2009 17:00 IST0.33870.15580.04940.01260.2200
Day 3 - Oct 30, 2009 17:00 IST1.00044.12440.09630.68091.0400

Den Networks IPO Prospectus

Den Networks IPO Rating

130
2.9
Rating:Rated 2.9 stars

Vote Here ...

Den Networks IPO Listing Date

  •   ›  Listing Date: Tuesday, November 24, 2009
  •   ›  BSE Script Code: 533137
  •   ›  NSE Symbol: DEN
  •   ›  Listing In: B Group of Securities
  •   ›  Sector: Broadcasting & Cable TV
  •   ›  ISIN: INE947J01015
  •   ›  Issue Price: Rs. 195.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 195.00
Open:Rs. 195.00
Low:Rs. 149.50
High:Rs. 197.00
Last Trade:Rs. 163.10
Volume:7,730,791
NSE
Rs. 195.00
Rs. 195.00
Rs. 149.50
Rs. 199.80
Rs. 163.40
10,255,795

Den Networks IPO News Alerts

  1. Tuesday, November 24, 2009 7:33:18 AM
    Den Networks IPO listed at the discount of 16.36%
  2. Wednesday, November 18, 2009 8:59:57 AM
    IPO Listing - Den Networks Limited
  3. Monday, November 16, 2009 8:22:31 AM
    IPO Allotment - Den Networks Limited
  4. Friday, October 30, 2009 9:35:50 AM
    Den Networks IPO fully subscribed on closing day
  5. Thursday, October 29, 2009 8:03:45 AM
    Den Networks IPO subscribed 0.22 times on it's day 2
  6. Wednesday, October 28, 2009 8:33:35 AM
    Den Networks IPO subscribed 0.15 times on it's day 1
  7. Wednesday, October 21, 2009 8:23:30 AM
    Upcoming IPO - Den Networks Limited

Company Contact Information

Den Networks Limited
236, Okhla Industrial Estate
Phase III
New Delhi 110 020, India
Phone: + (91 11) 4052 2225
Fax: + (91 11) 4052 2203
Email: jatin.mahajan@denonline.in
Website: http://www.digitelly.in

Den Networks IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Den Networks IPO Lead Manager(s)

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Den Networks IPO Review / Comments

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117. Ravi, Bangalore  Dec 10, 2009 11:00:46 AM IST Reply
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.

Fundamentally over-valued.
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116. Ravi, Bangalore  Nov 27, 2009 6:17:59 PM IST Reply
Den 159- Resistance in 169 - 181 area. It could fall to 139-130 zone, 120-105 range or even 90.

Fundamentally also it is over-valued. Long-term investors could invest 50% of their capital in second target area and balance in third target.

It will become bullish if it is able to clear the resistance zone.

This view is based on technical analysis on four days price behaviour. There is risk of loss in trading.

WARNING

To get clear view, minimum one month trading history required.
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115. tulsyian  Nov 27, 2009 2:05:59 PM IST Reply
Buy Den networks at current price
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114. raja  Nov 26, 2009 11:05:15 AM IST Reply
Den networks : another perfect call by SP Tulsian, koi bhi prediction wrong nahi jata...
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113. omega  Nov 26, 2009 9:10:25 AM IST Reply
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...

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112. piyush  Nov 24, 2009 7:07:15 PM IST Reply
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...........
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111. PKM  Nov 24, 2009 7:04:57 PM IST Reply
Great decision by Retail Investors by not applying in this issue. Retail portion was just subscribed 10%. Give lesson to such companies.
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110. KMFS  Nov 24, 2009 3:20:53 PM IST Reply
I already inform you all yesterday itself. it will close nearly 167. it is true now.

bye
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109. rama  Nov 24, 2009 2:39:03 PM IST Reply
Those of you who have lost money in DEN IPO dont worry. market will give an opportunity to make money in some other issues.
Discl: I dont have DEN shares.
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108. khilan  Nov 24, 2009 1:27:42 PM IST Reply
S P Tulsian only person advised to subscribed for
DEN Network at Rs.195 But Now after listing down 22%
Market price 150 loss Rs.45 per share.
Can tulsian give it?
S P Tulsia site is paid now.
Who is full person to give fees for advise?
Advisable to tulsian to site will be close before invesrore will shut it.
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107. rakesh jain  Nov 24, 2009 12:53:28 PM IST Reply
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.
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106. Ravi, Bangalore  Nov 24, 2009 12:51:13 PM IST Reply
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.

OR

Cover at each target, and then, go fresh short after breaching support levels of 142, 134, 125 etc.

Long-term investors having one-year time horizon can invest 50% of their capital below 125 and remaining around 85. Its fair value is 185.
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105. IPOREPORT  Nov 24, 2009 11:35:55 AM IST Reply
DEN NETWORKD lISTING RS. 195 AND CURRENT PRICE RS.159
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104. NITIN  Nov 24, 2009 11:23:18 AM IST Reply
The real game play is here:

1st. Make the issue price at very high
2nd. Make money if the IPO is subscribed from the Retailers
3rd. No matter if retailers not give response to the
issue.......becz the sellers & purchasers are BOTH
"N.I.B & Q.I.B"

This is the real game plan prepared by the Promoters of this IPO,,,,,,but they cant succed becz of poor response from the retailers.

There only loss is "LOSS OF INTT + TRANSACTION CHARGE"

So dont come up with this FRAUD CO IPO

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103. Ravi, Bangalore  Nov 24, 2009 10:52:12 AM IST Reply
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.

The conversion price of the CCPS was Rs 146.94-161.47 per share. These were converted on 27 July 2009.

The lead manager was promptly said that the company has issued shares at Rs 190 to other investors on 29 July 2009 & hence, price band fixed at 195 - 205.

QIBs & HNIs are losing opportunity to buy at discount post-listing. Recent bull-market will be marked by IPO scam soon. Black money channeled though overseas (from tax heaven countires like Mauritius, Singapore) chasing high PE multiple stocks both in IPO and secondary market. Few analysts have vested interested while recommending IPOs.
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102. KMFS  Nov 24, 2009 9:35:45 AM IST Reply
Sell it now otherwise, after one week Less than 100. (same like Euro Multivision 50% Down).

bye
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101. omega  Nov 24, 2009 9:35:22 AM IST Reply
stock is oversold.. now they are accumalting at lower level...
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100. Mahesh  Nov 24, 2009 9:35:12 AM IST Reply
CAN WE ALL CHANGE NAME OF THIS IPO MARKET TO "LOOOOOOT MARKET":

Examples: Reliance Power, Indiabulls Power, NHPC (Nahi Hai Public Company), Euro Multivision, DEATH NETWORKS etc. etc.

Your suggestions on change of names are welcome.
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99. nitin  Nov 24, 2009 9:32:24 AM IST Reply
sell otherwise yesterday it will maintain this level too
get out of thi scrip
& never invt in such f---k company
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98. omega  Nov 24, 2009 9:27:51 AM IST Reply
seeing some weird action in this script .. .best is to avoid it ..






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