Videocon d2h, the satellite television arm of the Videocon Group, has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi) to raise up to Rs 700 crore.
The company is considering a pre-IPO placement of up to 50 lakh equity shares aggregating up to Rs 50 crore with certain investors. If the pre-IPO placement is completed, the issue size will be reduced to the extent of such pre-IPO placement, subject to the issue size constituting at least 10% of the post-issue paid-up equity share capital of the company.
The share sale of the company will be managed by seven banks, including UBS and Axis Capital, ICICI Securities and SBI Capital Markets.
The company reported a loss of Rs 78.15 crore on total revenue of Rs 537.74 crore in the quarter ended June 2014.
Videocon d2h is the fastest growing DTH service provider in India and operate under the "Videocon d2h" brand. The distributes multiple television channels and allied video and audio services to subscribers as part of its DTH services.
Videocon d2h files for IPO | Business Standard News
The company is considering a pre-IPO placement of up to 50 lakh equity shares aggregating up to Rs 50 crore with certain investors. If the pre-IPO placement is completed, the issue size will be reduced to the extent of such pre-IPO placement, subject to the issue size constituting at least 10% of the post-issue paid-up equity share capital of the company.
The share sale of the company will be managed by seven banks, including UBS and Axis Capital, ICICI Securities and SBI Capital Markets.
The company reported a loss of Rs 78.15 crore on total revenue of Rs 537.74 crore in the quarter ended June 2014.
Videocon d2h is the fastest growing DTH service provider in India and operate under the "Videocon d2h" brand. The distributes multiple television channels and allied video and audio services to subscribers as part of its DTH services.
Videocon d2h files for IPO | Business Standard News
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