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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.
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 Size | 18,567,240 shares (aggregating up to ₹364.46 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 111,922,735 |
Share holding post issue | 130,489,975 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 9,454,980 (53.71%) | NA |
NII (HNI) Shares Offered | 1,975,000 (11.22%) | |
Retail Shares Offered | 5,925,000 (33.66%) | 197,500 |
Employee Shares Offered | 250,000 (1.42%) | NA |
Total Shares Offered | 17,604,980 (100%) |
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 |
Share Holding Pre Issue | 62.65% |
Share Holding Post Issue |
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.
KPI | Values |
---|---|
RoNW | -7.08% |
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.
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)
Category | Subscription (times) |
---|---|
QIB | 1.00 |
NII | 4.12 |
Retail | 0.10 |
Employee | 0.68 |
Total | 1.04 |
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.
Listing Date | November 24, 2009 |
BSE Script Code | 533137 |
NSE Symbol | DEN |
ISIN | INE947J01015 |
Final Issue Price | ₹195 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹195.00 |
₹195.00 |
₹149.50 |
₹197.00 |
₹163.10 |
NSE |
---|
₹195.00 |
₹195.00 |
₹149.50 |
₹199.80 |
₹163.40 |
Den Networks Limited
236, Okhla Industrial Estate
Phase III
New Delhi 110 020, India
Phone: + (91 11) 4052 2225
Email: jatin.mahajan@denonline.in
Website: http://www.digitelly.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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.
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Fundamentally over-valued.