Abstract:
Euro Multi Vision Ltd, is a company, which is mainly into manufacturing of CDRs as well as DVDRs. The company is making preparations to launch its IPO for which it has approached the SEBI for filing of the DHRP. The article below gives detailed information about the structure of the equity shares being offered.
Established in the year 2004, Euro Multi Vision Ltd., has taken the responsibility of manufacturing Compact Disc Recordables (CDRs) as well as Digital Versatile Disc Recordables or DVDRs. Commercial production started in the year 2005 April. It ranks second as far as manufacturing of the above mentioned is concerned. Reports (as of January, 11th, 2008) state that the company is contemplating to enter India's capital markets. To this effect, the DRHP or the Draft Red Herring Prospectus has been filed with SEBI or Securities And Exchange Board of India pertaining to the IPO or initial public offer. The company is also thinking of diversifying in to solar energy as well as photo voltaic cells.
Euro Multi Vision Ltd intends to come out with as many as 88,00,000 equity shares. Each share, company sources say would cost Rs.10. This would be however decided entirely (100%) with the help of the Book Building Process. The equity shares (the issue) would comprise 36.97% of paid up capital(post issue).
Structure of the Euro Multi Vision Ltd IPO:
The equity shares would include:
- Equity shares, 2,00,000 in number for the employees at Rs10 each.
- 86,00,000 equity shares, which would make up the Net issue for the public.
A "Pre IPO Placement" is also being contemplated by Euro Multi Vision Ltd., where the (minimum) Net issue for the public would be 25%.
Listing of the Euro Multi Vision Ltd IPO:
The equity shares would be trading on both the NSE or the National Stock Exchange as well as the BSE or the Bombay Stock Exchange.
brLM or Book Running Lead Manager of the Issue:
Anand Rathi Securities Limited has been selected as the brLM.
Effect of offering IPO on other stocks:
The stocks of the following company may get impacted due to the IPO being launched by Euro Multi Vision Ltd.
- Webel Sl Energy
- Moser Baer
- XL Telecom