IPO Centre     02-May-15
IPO News
UFO Moviez India IPO subscribed more than 2 times
QIB category subscribed 4.49 times

The initial public offer (IPO) of UFO Moviez India was subscribed a little over 2 times, as per data on the National Stock Exchange (NSE) website. The IPO received bids for a total of 1.39 crore shares. Post the allotment to anchor investors, remaining 68.29 lakh equity shares were on offer through the book building route during the IPO period from 28 April to 30 April 2015. The price band of the IPO was fixed at Rs 615 to Rs 625 per equity share.

Category-wise bidding data showed that the Qualified Institutional Buyers (QIBs) category was subscribed 4.49 times with total bidding for 87.61 lakh shares. A total of 19.51 lakh shares were reserved for the QIB category. Within the QIB section, foreign institutional investors (FIIs) put in bids for 44.01 lakh shares, mutual funds put in bids for 18.80 lakh shares and domestic financial institutions put in bids for 24.79 lakh shares.

The non-institutional investors' category comprising of corporates and high net worth individuals was subscribed 1.17 times. The retail investors' category was subscribed 1.02 times.

The company will not get any funds from the IPO. It was an offer for sale by two private equity investors viz. 3i Research (Mauritius) and P5 Asia Holding Investments (Mauritius) and partly by the promoters.

On 27 April 2015, UFO Moviez India allotted 28.80 lakh shares to 10 anchor investors. The shares were allotted to the anchor investors at Rs 625 per share, the top end of the IPO price band of Rs 615-Rs 625 per share. Anchor or cornerstone investors are institutional investors which are given allotment on a discretionary basis just before the opening of the IPO to instill confidence in the issue.

UFO Moviez India is India's largest digital cinema distribution network and in-cinema advertising platform (in terms of numbers of screens). The company operates India's largest satellite-based, digital cinema distribution network (in terms of numbers of screens). The company delivers movie content through its satellite-based cinema distribution network using UFO-M4 platform and D-Cinema network. The company receives revenue primarily from advertisers for in-cinema advertising, from movie producers and distributors for the secured delivery and screening of their movies and from exhibitors who are the owners of screens, through equipment rental and sales of digital cinema equipment.

UFO Moviez India reported consolidated net profit of Rs 36.86 crore on net sales of Rs 354.74 crore for nine months ended 31 December 2014. Net profit jumped 39% to Rs 46.54 crore on 25% growth in net sales to Rs 420.34 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

Previous News
  UFO Moviez India consolidated net profit rises 87.27% in the December 2019 quarter
 ( Results - Announcements 16-Feb-20   15:35 )
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  UFO Moviez India receives reaffirmation in credit ratings
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 ( Results - Announcements 13-Nov-18   09:25 )
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 ( Corporate News - 13-Apr-21   15:41 )
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 ( Corporate News - 29-Jun-19   17:06 )
  UFO Moviez India reports consolidated net loss of Rs 30.66 crore in the September 2020 quarter
 ( Results - Announcements 14-Nov-20   14:32 )
  UFO Moviez India grants 10.93 lakh stock options under ESOP
 ( Corporate News - 15-Jan-21   16:06 )
  UFO Moviez India to table results
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