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Open
28 Oct 2009
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Close
30 Oct 2009
3
Allotment
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Listing
Tue, Nov 24, 2009
Price Band
₹195 to ₹205
Issue Size
1,85,67,240 shares (agg. up to ₹364 Cr)
Lot Size
30 Shares
Listing Date
Tue, Nov 24, 2009
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 0.97x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Invest in the development of our cable television infrastructure and services | 210.00 |
| 2 | Invest in the development of our cable broadband infrastructure and services | 25.00 |
| 3 | Invest in acquisition of content and broadcasting right | 10.00 |
| 4 | Repayment of certain loans | 40.00 |
| 5 | Fund expenditure for general corporate purposes | 52.58 |
About Den Networks IPO
Incorporated in 2007, Den Networks Limited is one of the largest national cable television companies in India engaged in the distribution of analog and digital cable television services. They launched their digital cable television services in February 2008 under the brand “Digitelly”. Den Networks currently provide cable television services in the National Capital Region of Delhi and the states of Uttar Pradesh, Rajasthan, Maharashtra, Gujarat, Karnataka, Haryana, Madhya Pradesh and Kerala.Den Networks offer up to 180 channels through their digital cable television service. Den also provides value-added services to their subscribers, such as an interactive electronic programme guide, programme reservations, “red button” initiatives, audio music channels, on-screen reminders, interactive games and parental controls. They are also planning for additional value-added services such as pay-per-view services, interactive educational programmes, personal video recording and mosaic viewing.In January 2008, Den Networks entered into a 50:50 joint venture agreement with STAR with respect to STAR-DEN. STAR-DEN acts as a content aggregator and currently has the exclusive right to distribute 2
Contact Details
Den Networks Ltd. Address236, Okhla Industrial EstatePhase IIINew Delhi, New Delhi, 110020+ (91 11) 4052 2225jatin.mahajan@denonline.inVisit Website