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Midvalley Entertainment Ltd IPO (Midvalley Entertainment IPO) Detail

January 10, 2011 - January 12, 2011

Midvalley Entertainment IPO is a book built issue of Rs 60.00 crores.

Midvalley Entertainment IPO bidding started from January 10, 2011 and ended on January 12, 2011. The shares got listed on BSE on January 27, 2011.

Midvalley Entertainment IPO price band is set at ₹64 to ₹70 per share. The minimum lot size for an application is 95 Shares. The minimum amount of investment required by retail investors is ₹6,650.

Aryaman Financial Services Limited is the book running lead manager of the Midvalley Entertainment IPO, while Cameo Corporate Services Limited is the registrar for the issue.

Refer to Midvalley Entertainment IPO RHP for detailed information.

Midvalley Entertainment IPO Details

IPO Date January 10, 2011 to January 12, 2011
Listing Date January 27, 2011
Face Value ₹10 per share
Price Band ₹64 to ₹70 per share
Lot Size 95 Shares
Total Issue Size8,571,429 shares
(aggregating up to ₹60.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE

Midvalley Entertainment IPO Reservation

Midvalley Entertainment IPO offers 9,375,000 shares. 4,687,500 (50.00%) to QIB, 1,406,250 (15.00%) to NII, 3,281,250 (35.00%) to RII. 34,539 RIIs will receive minimum 95 shares and (sNII) and (bNII) will receive minimum 2,945 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,687,500 (50.00%)NA
NII (HNI) Shares Offered1,406,250 (15.00%)
Retail Shares Offered3,281,250 (35.00%)34,539
Total Shares Offered9,375,000 (100%)

Midvalley Entertainment IPO Lot Size

Investors can bid for a minimum of 95 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 95 ₹6,650
Retail (Max) 30 2850 ₹199,500
Lot Size Calculator

About Midvalley Entertainment Ltd

Midvalley Entertainment is a multinational Media & Entertainment company operating from Chennai. Midvalley's major businesses are Exhibition and Concept Theatres, Film Production, Distribution, Hospitality and Cine Advertising, etc. It produces, distribute and exhibit movies both in Indian and foreign languages.

At present, they are with the network of 40 plus screens across southern peninsula. By 2011, the group positioning to operate 100 plus screens that includes Cineplex, Multiplex, Open Air Theatres and Concept Theatres. Midvalley also preparing well in the segments of film Production and Distribution and expected to release its next movie as by Jan 2011 during Pongal season. Current promoters of the company are Unigold Pacific, Kiara Enigma and Global Motion Pictures & Ventures Ltd.

Company Financials

ParticularsFor the year/period ended (in Rs. lacs)
31-Jul-1030-Apr-1030-Apr-0930-Apr-0830-Apr-0730-Apr-06
Total Income486.901294.742,116.437,362.934,882.451,340.70
Profit After Tax (PAT)143.313.93(47.06)886.60727.25287.25

Objects of the Issue (Midvalley Entertainment IPO Objectives)

The Object of the issue are:

1. Entering screening agreements with cinema theatres;
2. Renovation & Up-gradation of cinema infrastructure;
3. Acquisition of company and acquisition of screening rights;
4. To meet general corporate expenses.


Midvalley Entertainment IPO Subscription Status (Bidding Detail)

The Midvalley Entertainment IPO is subscribed 4.03 times on January 12, 2011 5:00:00 PM. The public issue subscribed 9.01 times in the retail category, 0.35 times in the QIB category, and 4.68 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.35
NII4.68
Retail9.01
Total4.03

Midvalley Entertainment Ltd

Brickworks has assigned an IPO Grade 1 to Midvalley Entertainment Ltd IPO. This means as per Brickworks, company has 'Poor Fundamentals'. Brickworks assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Brickworks IPO Grading Document for Midvalley Entertainment Ltd.

Midvalley Entertainment Ltd IPO Tags:

Midvalley Entertainment Ltd IPO, Midvalley Entertainment IPO, Midvalley Entertainment IPO Bidding, Midvalley Entertainment IPO Allotment Status, Midvalley Entertainment IPO drhp and Midvalley Entertainment IPO listing.

Midvalley Entertainment IPO Rating

331
3.8
Rating:Rated 3.8 stars
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Midvalley Entertainment IPO Listing Details

Listing Date January 27, 2011
BSE Script Code 533310
NSE Symbol
ISIN INE422B01016
Final Issue Price ₹70 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹70.00
₹73.00
₹55.00
₹76.50
₹58.05

Check IPO Performance…

Midvalley Entertainment Ltd Contact Details

Midvalley Entertainment Ltd
9th Floor Gee Gee Emerald,
312 Valluvar Kottam High Road,
Chennai - 600034, Tamil Nadu, India
Phone: 91-44-30632454/55
Email: ipo@mvel.in
Website: http://www.mvel.in

Midvalley Entertainment IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Midvalley Entertainment IPO - Buy or Not

Midvalley Entertainment IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Midvalley Entertainment IPO FAQs

Midvalley Entertainment IPO is a main-board IPO of 8,571,429 equity shares of the face value of ₹10 aggregating up to ₹60.00 Crores. The issue is priced at ₹64 to ₹70 per share. The minimum order quantity is 95 Shares.

The IPO opens on January 10, 2011, and closes on January 12, 2011.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.

The Midvalley Entertainment IPO opens on January 10, 2011 and closes on January 12, 2011.

Midvalley Entertainment IPO lot size is 95 Shares, and the minimum amount required is ₹6,650.

You can apply in Midvalley Entertainment 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 Midvalley Entertainment IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Midvalley Entertainment IPO allotment status.

The Midvalley Entertainment IPO listing date is on January 27, 2011.
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Midvalley Entertainment IPO Message Board

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311 Comments

311. SkDash |   Link |  Bookmark |January 27, 2011 4:13:03 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Ravi-317
Oh. Sorry. I thought and also surprised that u made some inv for long term purpose.
310. Ravi, Bangalore |   Link |  Bookmark |January 27, 2011 4:02:44 PM (300+ Posts)
316. SkDash

You did not get me. As you were asking during trading hours, I said long-term till 3:30 p.m. today. However, I booked loss at 3:15 p.m. itself!

(1000 + 2200) - 400 profit in Midvalley.
309. SkDash |   Link |  Bookmark |January 27, 2011 3:44:19 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
HK-315
how come u didnt sell when it was moving downward. If possible, buy some shares at the end of tomorrw to average and keep it as long term otherwise u may have to book around 50% loss (today 30% + tomorrow may be another 10-15%). Ravi, bangalore bought some shares for long term inv, u can take his view whether it is worth keeping long term or not. I dont have any position in the stock
308. Hk |   Link |  Bookmark |January 27, 2011 3:08:32 PM
I Purchase Midvelly Entertainment at 75.50 what I do.
307. Ravi, Bangalore |   Link |  Bookmark |January 27, 2011 1:56:46 PM (300+ Posts)
313. SkDash

I have bought 100 shares at 61 for long-term investment till 3:30 p.m. This is not recommendation to you.

For details, you can see my analysis in IPO Recommendation Section.
306. SkDash |   Link |  Bookmark |January 27, 2011 1:42:48 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Ravi-what a sudden fall in price. I placed order @ 67 and now position is NIL.

OK, Any how. Thanks
305. Ravi, Bangalore |   Link |  Bookmark |January 27, 2011 1:26:54 PM (300+ Posts)
311. SkDash

I have placed buy order for 400 shares at 70 & balance 400 at 67.

Place stop-loss & targets, then switch-off your system. Concentrate on your office work.
304. SkDash |   Link |  Bookmark |January 27, 2011 1:06:03 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Ravi-310- Shall i settle the position now @ 71 or will it go down further ? Whats the cut off time. I think it is 3.30
303. Ravi, Bangalore |   Link |  Bookmark |January 27, 2011 11:28:59 AM (300+ Posts)
307. SkDash

My targets are 70 & bElow 67.

This is crude method. I reiterate that DON'T FOLLOW ME.
302. SkDash |   Link |  Bookmark |January 27, 2011 11:07:16 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
"class room session". OK. :) Wish u happy return
301. Ravi, Bangalore |   Link |  Bookmark |January 27, 2011 11:02:50 AM (300+ Posts)
307. SkDash

75 is my stop-loss. Target later.

Classroom session is only after trading hours.
300. SkDash |   Link |  Bookmark |January 27, 2011 10:55:01 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
306-Ravi
Thanks. I have shorted some shares @ 72.75, if it will go beyond 75 again, i will short again to average. Hope it will break the resistence and will go below the issue price, may be by the EOD or tomorrow. But how one can see the intraday chart in case of shares listed in NSE ? Can u guide pl
299. Ravi, Bangalore |   Link |  Bookmark |January 27, 2011 10:45:44 AM (300+ Posts)
305. SkDash / 301. CLD

It is not listed in NSE. Hence, no on-line chart available.

If it breaches 72.75, I am planning to go short. It is crude method. My suggestion is DO NOT follow me.
298. SkDash |   Link |  Bookmark |January 27, 2011 9:18:58 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Ravi, Sreedhar, Durai, KK- what u all r doing ? Pl share
297. SkDash |   Link |  Bookmark |January 27, 2011 8:33:18 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Shorted @ 72.75, hope it will come down to 65
296. SkDash |   Link |  Bookmark |January 27, 2011 8:24:35 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Opened at 73.30 (up around 5%) and going forward. Lets see the direction. As per me, it will be at discount at the closing hr
295. SkDash |   Link |  Bookmark |January 27, 2011 7:57:31 AM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
Few min left. Any strategy for the day- Sreedhar, Ravi, KK Natrajan..................Other experts. I think it will be better to watch for around 1 hr at least so that direction will be clear
294. CLD |   Link |  Bookmark |January 26, 2011 7:03:23 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@ Ravi, Bangalore
Your dirction on C.Mahendra Export in the afternoon session of its listing was OK. Although it did not go down to 106/101 by closing, yet your shorting stretegy at 116 played with some benefits. Please post your stretegies as & when you find it beneficial so that others can take benefits. What is your forecast for listing tomorrow & trading during the day especially in the opening & closing hour.
293. Hardesh k. maurya |   Link |  Bookmark |January 26, 2011 6:52:19 PM
i like to further asked that ME is low volume stock therefore hold it for good listing gain.
292. Hardesh k. maurya |   Link |  Bookmark |January 26, 2011 6:45:18 PM
Open at around 79 target to high 99/- and low 75