Cinemax India Ltd shares to list in BSE and NSE on February 14, 2007

The equity shares of Cinemax India Ltd (BSE Scrip Code: 532807, NSE Symbol: CINEMAX) will be listed and admitted to dealings on the Bombay Stock Exchange and National Stock Exchange on February 14, 2007. In BSE the stock will be listed in ''B1'' Group Securities and in NSE the stock will be listed under Normal Market Segment - Compulsory Demat (Rolling Settlement) for all investors.

Cinemax India Limited recently came out with an IPO of 8,920,000 equity shares of Rs.10 each for cash at a price band of Rs.135 and Rs.155 through 100% book-building process. The IPO opened on 18 January, 2007 and closed on 24, January 2007.

CIL, founded by the Kanakia Group, an established player in real estate, is a film exhibition company, currently operating 2 single screens and 8 multiplex/multi-screen properties with a total of 33 screens and 9316 seats. It has a strong presence in the Mumbai and Thane market. Cinemax is among the first few to adopt the strategy of acquiring old movie theaters and converting them into world class multiplexes/multi screens. CIL is known for providing a premium movie going experience through exclusive lounges under the brand name The Red Lounge. CIL has also forayed into game parlours under the name Giggles. Further it has developed 200,000 sq ft of mall space at Thane and plans to develop an additional 30,000 sq feet at Thane and 100,000 sq feet at Nagpur.

The company''s website is Cinemax India Limited

Click on the link for company''s IPO prospectus Cinemax India Limited Prospectus

Source : Equity Bulls

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