IPO Issue Details
Issue Price / Price Band₹100 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size65 Shares per Lot
Total Issue Size50,20,000 shares (aggregating up to ₹50.20 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 27 Sep 2010
Subscription CloseWed, 29 Sep 2010
Anchor AllotmentSun, 26 Sep 2010
Basis of AllotmentTue, 05 Oct 2010
Initiation of RefundsWed, 06 Oct 2010
Credit of Shares to DematWed, 06 Oct 2010
Listing DateThu, 14 Oct 2010
UPI Mandate Deadline2010-09-29
Application & Investment Details
Retail — Min (1 Lots)₹6,500 — 65 shares
Retail — Max (13 Lots)₹84,500 (13 Lots)
HNI — Min (31 Lots)₹2,01,500 — 2,015 shares
Pre-IPO Promoter Holding70,00,000 shares
Post-IPO Promoter Holding1,20,20,000 shares
About Sea TV Network Ltd.
Incorporated in 2004, Sea TV Network Ltd is an Agra (U.P) based company engaged in providing services of a Multi System Operator (MSO) to various Local Cable TV operators of Agra and adjoining areas. Sea TV has its own local channels, programmes of which are produced by its own production team. These local channels mainly focus on Agra city/U.P State news/events and information, which is more relevant to the city viewers.Sea TV proposes to adopt latest technology i.e. IPTV for providing TV channels to its viewers. They already have a network of about 150 franchisees throughout Agra city.
Objects of the Issue
Sea TV Network Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Setting up complete Digital Headend and network for implementation of Conditional Access System (CAS) to convert from the present Analog system to distribution to a Digital System.
27.51
2
2 Setting up network for complete IPTV solution.
5.28
3
3 Setting up of own cable distribution (underground optical fiber) network capable of digital transmission throughout Agra City and adjoining areas.
6.56
4
4 Setting up own 20 branch-offices in the city including in the adjoining areas with required infrastructure for receiving digital signals and re-transmitting the same without much value addition through co-axial cables to individual customers/subscribers.
15.55
5
5 Meeting the expenses of the issue
4.73
Shareholding & Lock-in
Pre-IPO Promoter Holding
70,00,000 shares
Post-IPO Promoter Holding
1,20,20,000 shares