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Den Networks Limited IPO (Den Networks IPO) Detail

October 28, 2009 - October 30, 2009

Den Networks IPO is a book built issue of Rs 364.46 crores.

Den Networks IPO bidding started from October 28, 2009 and ended on October 30, 2009. The shares got listed on BSE, NSE on November 24, 2009.

Den Networks IPO price band is set at ₹195 to ₹205 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹6,150.

Antique Capital Markets Pvt Ltd and Deutsche Equities India Private Limited are the book running lead managers of the Den Networks IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Den Networks IPO RHP for detailed information.

Den Networks IPO Details

IPO Date October 28, 2009 to October 30, 2009
Listing Date November 24, 2009
Face Value ₹10 per share
Price Band ₹195 to ₹205 per share
Lot Size 30 Shares
Total Issue Size18,567,240 shares
(aggregating up to ₹364.46 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue111,922,735
Share holding post issue130,489,975

Den Networks IPO Reservation

Den Networks IPO offers 17,604,980 shares. 9,454,980 (53.71%) to QIB, 1,975,000 (11.22%) to NII, 5,925,000 (33.66%) to RII, 250,000 (1.42%) to employees. 197,500 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 990 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered9,454,980 (53.71%)NA
NII (HNI) Shares Offered1,975,000 (11.22%)
Retail Shares Offered5,925,000 (33.66%)197,500
Employee Shares Offered250,000 (1.42%)NA
Total Shares Offered17,604,980 (100%)

Den Networks IPO Lot Size

Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 30 ₹6,150
Retail (Max) 32 960 ₹196,800
Lot Size Calculator

Den Networks IPO Promoter Holding

Share Holding Pre Issue 62.65%
Share Holding Post Issue

About Den Networks Limited

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.

Key Performance Indicator

Objects of the Issue (Den Networks IPO Objectives)

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.

Den Networks IPO Subscription Status (Bidding Detail)

The Den Networks IPO is subscribed 1.04 times on October 30, 2009 5:00:00 PM. The public issue subscribed 0.10 times in the retail category, 1.00 times in the QIB category, and 4.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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.

Den Networks IPO Prospectus

Den Networks IPO Rating

Rating:Rated 2.9 stars
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Den Networks IPO Listing Details

Listing Date November 24, 2009
BSE Script Code 533137
NSE Symbol DEN
ISIN INE947J01015
Final Issue Price ₹195 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Den Networks Limited Contact Details

Den Networks Limited
236, Okhla Industrial Estate
Phase III
New Delhi 110 020, India
Phone: + (91 11) 4052 2225

Den Networks IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Den Networks IPO - Buy or Not

Den Networks IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Den Networks IPO FAQs

Den Networks IPO is a main-board IPO of 18,567,240 equity shares of the face value of ₹10 aggregating up to ₹364.46 Crores. The issue is priced at ₹195 to ₹205 per share. The minimum order quantity is 30 Shares.

The IPO opens on October 28, 2009, and closes on October 30, 2009.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Den Networks IPO opens on October 28, 2009 and closes on October 30, 2009.

Den Networks IPO lot size is 30 Shares, and the minimum amount required is ₹6,150.

You can apply in Den Networks IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Den Networks IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Den Networks IPO allotment status.

The Den Networks IPO listing date is on November 24, 2009.
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Den Networks IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



117. Ravi, Bangalore |   Link |  Bookmark |December 10, 2009 11:00:46 AM
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.
116. Ravi, Bangalore |   Link |  Bookmark |November 27, 2009 6:17:59 PM
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.


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

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

109. rama |   Link |  Bookmark |November 24, 2009 2:39:03 PM
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.
108. khilan |   Link |  Bookmark |November 24, 2009 1:27:42 PM
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.
107. rakesh jain |   Link |  Bookmark |November 24, 2009 12:53:28 PM
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.
106. Ravi, Bangalore |   Link |  Bookmark |November 24, 2009 12:51:13 PM
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.


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.
105. IPOREPORT |   Link |  Bookmark |November 24, 2009 11:35:55 AM
104. NITIN |   Link |  Bookmark |November 24, 2009 11:23:18 AM
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.


So dont come up with this FRAUD CO IPO

103. Ravi, Bangalore |   Link |  Bookmark |November 24, 2009 10:52:12 AM
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.
102. KMFS |   Link |  Bookmark |November 24, 2009 9:35:45 AM
Sell it now otherwise, after one week Less than 100. (same like Euro Multivision 50% Down).

101. omega |   Link |  Bookmark |November 24, 2009 9:35:22 AM
stock is oversold.. now they are accumalting at lower level...
100. Mahesh |   Link |  Bookmark |November 24, 2009 9:35:12 AM

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

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