The Cinemax India IPO was launched in the year 2006, for the purpose of expanding the company and setting up theater screens in different locations.
Cinemax India IPO - Overview
The Cinemax India IPO was launched with the purpose of utilizing the funds for meeting the requirements of the capital expenditure of establishing 19 new theater screens throughout the country, at an estimated cost of Rs 110.69 crores. The proceeds from the IPO would also be used for the general corporate purposes which include acquisitions.Cinemax India has filed its red herring prospectus with the Securities and Exchange Board of India (SEBI).
Some the places where the Cinemax India is planning to set up theaters are Kolkata, Pune, Guwahati, Nasik, Panipat, Hyderabad, Ahmedabad, Siliguri, Bangalore, Indore, Nagpur, Faridabad, Ghaziabad, Ludhiana and Mumbai.
Cinemax India is one of the leading exhibition theater chains in India. It is operating in several locations throughout the country. All together in the year 2006 it had 33 screens in 10 different locations. Cinemax India is a part of the Kanakia Group. In the year 2006, the total annual income was Rs 438.60 million and the net profit was Rs 67.64 million.
Cinemax India IPO - Facts
- The Cinemax India is a part of the Entertainment and Media Sector,
- Number of shares fresh issue equals to 70 lakhs
- Number of shares offered for sale by promoters equals to 19.20 lakhs
- Number of shares reserved for employees equals to 0.60 lakhs
- The Price band of the shares issued Rs. 135 - Rs. 155
- The Post-issue equity equals to Rs. 28 crores
- The percentage Post-issue promoter stake equals to 68.15 %
Cinemax India IPO - Advantages
- The Multiplex industry is growing rapidly, as the spending of the general mass has increased with the increase in the income level.
- The facilities provided at the multiplexes such as car parks, cafeterias, and restaurants attract people, so again the popularity of the multiplexes are on the rise.
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