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At the end of the third day of the opening of Cinemax India IPO, the total QIB subscription in the IPO is 55,99,980 lakh, which is bid by FIIs. There has not been a single bid by mutual funds and domestic financial institutions and mutual funds in the IPO so far.
The HNIs have subscribed to 2,77,020 lakh shares, out of which, corporates bid 1,09,485 lakh, individuals bid 1,66,545 lakh shares.
Retail investors have subscribed to 16,57,395 lakh shares, out of which, 15,24,105 lakh shares are at the cut-off price and 1,33,290 are price bids.
So far the IPO has received bids for 2,32,00,065 crore shares, against total issue size of 89,20,000 lakh shares. The issue is 2.60 times subscribed.
The price band for the issue is set between Rs 135 (floor) and Rs 155 (ceiling). Issue closes on 24 January 2007.
Cinemax India, the leading theatre-chain operator, is promoted by the Kanakia group, with a track record of over 20 years in real-estate development.
The net proceeds of the issue are to be utilised for setting up 19 new theatres at identified key locations with approximately 63 screens and 15,864 seats at an estimated cost of Rs 110.69 crore.
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