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Issue Open Date
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05-Jul-10
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Issue Closing Date
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07-Jul-10
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Application Money
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100
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Allotment Money
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Price Band
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162
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175
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Minimium Application No.
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40
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Issue Size (Shares)
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13820975
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Market Lot
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1
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Objective
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The objects of the Issue are to raise funds for (1) setting up new publishing units; (2) upgrading existing plant and machinery; (3) prepayment of loans, and (4) for general corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1659809
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5624560
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3.39
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Qualified Institutional Buyers
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7181737
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64497600
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8.98
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Retail Individual Investors
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4979429
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4961080
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1.00
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Business Description
We are one of the leading print media companies in India in terms of Readership (Source: IRS, R2 2009). We publish and print =Hindustan‘, the third largest daily newspaper in India in terms of Readership with a Readership of 9.3 million readers (Source: IRS, R2 2009). =Hindustan‘ began publication in 1936, owing its origins to and serving as a medium for the freedom movement, and has been one of India‘s eminent Hindi newspaper dailies for over 70 years. =Hindustan‘ has the largest Readership in key Hindi-speaking markets of Bihar and Jharkhand, with a strong and growing presence in Delhi NCR and the states of Uttar Pradesh and Uttarakhand. We are one of the fastest growing Hindi daily newspapers in India with a growth in Readership of 9.2% in the period between July 2006 and June 2009 (Source: IRS, R2 2007 to R2 2009). =Hindustan‘ is published in four editions and 113 sub-editions.=Hindustan‘ is presently printed at 16 locations in the states/regions of Uttar Pradesh, Bihar, Jharkhand, Uttarakhand, Punjab and Delhi NCR with a total installed rated capacity approximately 0.78 million copies per hour. These printing facilities are located at Agra, Allahabad, Bareilly, Bhagalpur, Dehradun, Delhi NCR, Dhanbad, Jamshedpur, Kanpur, Lucknow, Meerut, Mohali, Muzaffarpur, Patna, Ranchi and Varanasi. We distribute our newspapers through a multi-tiered network of agents and vendors.We also publish two Hindi magazines, =Nandan‘, a children‘s magazine, and =Kadambini‘, a general interest magazine. In addition to our Hindi print publications, we also operate the website, www.livehindustan.com, which focuses on providing news in Hindi with regional content. Further, we have also recently forayed into event management and customized event solutions.Our editorial and reporting staff have included and continue to include journalists renowned for their journalistic integrity and high editorial standards. The editorial team is headed by Mr. Shashi Shekhar, who is responsible for all the print and online editions of =Hindustan‘ and the Hindi magazines =Nandan‘ and =Kadambini‘. Mr. Shashi Shekhar is a renowned journalist with over 29 years of experience in Hindi journalism across both print and television media. Our editorial and reporting staff comprised approximately 775 persons as at December 31, 2009, supported by a team of freelance contributors. Further, Mrs. Shobhana Bhartia, our Chairperson, is a recipient of the =Padma Shri‘ from the Government of India, one of the highest civilian honours. Mrs. Shobhana Bhartia has also received several other awards, including the =Outstanding Business Woman of the Year‘ by PHD Chamber of Commerce & Industry, the =Global Leader for Tomorrow‘ by the World Economic Forum, Davos and the =National Press India Award‘.Our Promoter is HT Media, an integrated multimedia company, which publishes, among others, leading dailies in India such as =Hindustan Times‘ and =Mint‘. Our Promoter currently owns 98.85% of our equity share capital. We acquired =Hindustan‘ (including =Ravivasriya Hindustan‘), =Nandan‘ and =Kadambini‘ publications, certain printing facilities and personnel from HT Media, our Promoter, effective as of December 1, 2009.
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Back
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Address |
Budh Marg
Patna
,
Bihar
,
800001
Phone :
+91 612 222 3434
Email :
hmvlipo@hindustantimes.com
Website :
www.hmvl.in
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Registrar |
Karvy Computershare Pvt Ltd
105-108 Arunachal Building 19 Barakhamba Road New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
Edelweiss Capital Ltd Kotak Mahindra Capital Co Ltd
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Promoters |
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HT Media Ltd.
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Promoter's Holding
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Total Share Capital
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Offered to Public
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Promoter's Holding (Pre-Issue)
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Promoter's Holding (Post-Issue)
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