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| Company |
Moving Picture Company (India) |
| Market Price |
Unlisted |
| Lead manager |
UTI Securities Exchange |
| Listing At |
Delhi, Ahmedabad, Calcutta
|
| Opening/Closing |
Februrary 19/Februrary 26 |
| Promoters |
Ramesh Sharma, Uma Gajapathi Raju
|
| Associate Co. |
First Channel India Private Ltd, TVAM (india) Pvt Ltd
|
| Managing Director |
Ramesh Sharma
|
| Post-issue stake |
50.73%
|
| Issue |
|
| Size |
Rs 100 million
|
| Price |
Rs 40
|
| On Application |
Rs 20
|
| On Allotment |
Rs 20 |
| Objective |
Infrastructure enhancement, producing films |
| Business |
|
| Present |
Produce films, TV software, (mainly documentaries and informative programmes)
|
| Proposed Project
|
Integrated studio cum office and hiring and furnishing a studio at Bombay, set up animation studio, produce two feature length films with Duna TV, Hungary, produce pilots for serials
|
| Location |
Delhi, Bombay
|
| Project cost |
Rs 135.55 million
|
| Funded by |
Promoters, friends & associates (26%), public issue (74%)
|
| Kensource projections |
(2002) |
| Sales |
Rs 95 million |
| Profit |
Rs 19 million
|
| Earnings per share |
Rs 2.34
|
| Forward P/E |
17 |
| Post-issue equity |
Rs 81.25 million |
| Return on net worth |
9%
|
| Comment |
Issue is outpriced. Growth appears to be slowing down too. Charismatic and influential promoters, however area of work is niche
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| Rating *
|
E
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* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
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