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Midvalley Entertainment IPO fully subscribed
South based media & entertainment company Midvalley Entertainment's initial public offering (IPO) has been subscribed 1.14 times so far on day two, as per data available on exchanges.
South based media & entertainment company Midvalley Entertainment's initial public offering (IPO) has been subscribed 1.14 times so far on day two, as per data available on exchanges.
The issue has received bids for 1.07 crore equity shares as against issue size of 93.75 lakh shares, supported by retail and non-institutional investors.
Reserved portion of retail investors and non-institutional investors subscribed 2.18 times & 1.63 times, respectively.
A price band is at Rs 64-70/share for the issue, which will close on January 12. Bids can be made for 95 equity shares and in multiple of 95 shares thereafter.
Midvalley is a film production, distribution and exhibition company, actively engaged in the media and entertainment industry in South India. It has presence in the media and entertainment activity from concept to completion i.e. from script to screen. It produces, distribute and exhibit movies both in Indian and foreign languages.
