Onesource Techmedia IPO opens for subscription on May 17
Onesource Techmedia IPO will open for subscription on May 17 and close on May 21, 2013 offering 20,00,000 equity shares of Rs 10/- each.
The Chennai based company Onesource Techmedia has come out with its initial public offering (IPO) of 20,00,000 equity shares of Rs 10/- each. The issue will open for subscription on May 17 and close on May 21, 2013.
The company is mainly engaged in the business of distribution and trading of media contents in the form of audio and video cassettes, compact disks etc. It enter in to royalty agreements with various media houses which pave the way for marketing the contents of Hindi devotional, Bengali devotional, Bengali folk songs, Rajasthani Devotional, Rajasthani Folk, Bhojpuri Bhajan, Bhojpuri film, Animation movie - Jai Vigneswara, Tamil TV serials in India and abroad. It is also engaged in event management for corporate and small events.Guiness Corporate Advisors Pvt. Ltd. will be the lead manager and Purva Sharegistry (India) Private Limited will be the registrar to the issue.The equity shares offered through prospectus are proposed to be listed on the BSE SME Platform.Objective of the issue - The objects of the issue are to finance company's business expansion plans and achieve the benefits of listing on the SME platform of BSE Ltd. The listing will enhance corporate image and brand name of the Company.Also Read: JustDial IPO price band Rs 470-543, to raise Rs 822-950 cr
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