CINEMAX India Ltd files DRHP for IPO

CINEMAX India Ltd has filed the Draft Red Herring Prospectus for IPO with SEBI. The company is coming out with an IPO of 8920000 equity shares of Rs.10 each for cash at a price to be determined through book-building process. The issue comprises of fresh issue of 7000000 equtiy shares and an offer for sale of 1920000 equity shares.

Out of this, 60000 equity shares will be reserved for subscription by employees. The issue constitutes 31.86% of the fully diluted equity share capital of the company.

More details can be found at company's website Click Here for Cinemax Website

Source : Equity Bulls

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