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At the end of the second day of the opening of Cinemax India IPO, the total QIB subscription for the IPO is 27,99,990 lakh, which is bid by FIIs. There has not been a single bid by FIIS domestic financial institutions and mutual funds in the IPO so far.
The HNIs have subscribed to 1,92,150 lakh shares, out of which, corporates bid 64,485, individuals bid 1,27,665 lakh shares.
Retail investors have subscribed to 6,84,045 lakh shares, out of which, 6,33,645 shares are at the cut-off price and 50,400 are price bids.
So far the IPO has received bids for 36,76,185 lakh shares, against total issue size of 89,20,000 lakh shares. The issue is 0.41 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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