Raj Television Network Ltd IPO to hit capital markets today

The Initial Public Offering of Raj Television Network Ltd will open today for subscription to investors. The company is coming out with an IPO of 3568250 Equity Shares of Rs.10 each for cash at a price band of Rs. 221/- to Rs. 257/- through 100% book-building process.

The IPO opens today (February 14, 2007) and closes for subscription on February 23, 2007 (Friday).

Out of the total issue of 3,568,250 shares, 1,621,933 shares are reserved for Qualified Institutional Buyers (QIBs), 486,580 shares for Non Institutional Investors, 1,135,353 shares for Retail Individual Investors (RIIs) and 324,384 shares for the Employees of the company.

Vivro Financial Services Pvt. Ltd is the Book Running Lead Manager to the issue. CAMEO CORPORATE SERVICES LTD is the Registrar to the Issue.

The Raj Television Network was started in 1994 to provide wholesome entertainment for the entire family. With programmes targeted at young and old, male and female alike, the Network has positioned itself as The People's Channel.Through its two channels - Raj TV , Raj Digital Plus, the network presents its viewers a smorgasbord of some of the best shows in South Indian entertainment today. Due to its close interaction with the local market, the Network has come to understand not just the South Indian entertainment industry, but also the needs of the South Indian audience, their culture and aesthetic sense.

The company's website is Raj Television Network Ltd

Click on the link for company's IPO prospectus Raj Television Network Ltd Prospectus

Source : Equity Bulls

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