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Shree Ashtavinayak Cine Vision, a film production, distribution and exhibition house, is entering capital market with an initial public offering, IPO of 37,28,000 equity shares of Rs 10 each through book building process.

The price band was fixed at Rs 140-160 per share. The issue opens for subscription on December 14 and closes on December 20.

Moneycontrol conducted a poll on market experts to check whether to apply for the public issue or not. Experts said apply.

Experts/Company	Poll Result	Experts view
R S Iyer (KR Choksey)	Apply	Investors can apply for Ashtavinayak IPO at lower price band.
Manish Bhatt (Prabhudas Lilladher)	Apply	Investors can subscribe to Ashtavinayak IPO for listing gains; it is a good issue.

 

 

 

 

Of the net issue, at least 50% would be allocated on a proportionate basis to qualified institutional buyers, QIBs; of this, at least 5% would be exclusively allocated to mutual funds. If the offering fails to allocate at least 50% of its issue to QIB bidders, the entire application money will be refunded.

About 15% of the net issue to public shall be made available to non-institutional bidders and not less than 35% of the net offering shall be proportionately allocated to retail individual investors.

The issue proceeds will be mainly utilized for purchasing pre and post- production equipment required for film making and the production of the three untitled movies, the cost of which is estimated to be around Rs 45.90 crore.

Allianz Securities is the book running lead manager and Intime Spectrum Registry is the registrar to the issue.