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Open
25 Jun 2007
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Close
27 Jun 2007
3
Allotment
—
4
Listing
Thu, Jul 19, 2007T
Price Band
₹41 to ₹46
Issue Size
11,31,11,111 shares (agg. up to ₹520 Cr)
Lot Size
135 Shares
Listing Date
Thu, Jul 19, 2007T
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 37.57x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Idea Cellular Ltd. | Mainboard | ₹2,443.75 Cr | ₹75 | null | ₹85.70 | +14.27% | ₹13.89 (+1.54%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part repayment of long term debt | 316.12 |
| 2 | Payment of License fee for NLD and ILD and related capital expenditures, etc. | 63.60 |
| 3 | Payment to vendor(s) for network equipments and other capital expenditures | 177.63 |
| 4 | General Corporate Purposes | 46.45 |
| 5 | Issue Expenses | 28.44 |
About Spice Communications IPO
Incorporated in 1997, Spice Communications Limited (or Spice Telecom) is a cellular services provider in the states of Punjab and Karnataka in India. Spice Telecom has around 14.26% market share in these states.Spice total billable subscribers as on December 31, 2006 were 1.86 million comprising approximately 1.41 million pre-paid subscribers and approximately 0.45 million post-paid subscribers. In three years ended June 30, 2004, 2005 and 2006, Spice telecom's total income was Rs. 5,544 million, Rs. 6,430.59 million and Rs. 6,804.53 million, respectively.Malaysia’s incumbent service provider Telekom Malaysia (TM) holds a 49%, while industrialist and Modi group chairman B K Modi owns the remaining 51% stake in Spice Communications.+ Read More
Contact Details
Spice Communications Ltd. AddressSpice Communications Limited60 D Sainik FarmsNew Delhi, New Delhi, 110062(91 11) 6546 9839complianceofficer@spiceindia.comVisit Website