Incorporated in 2004, Sea TV Network Ltd is an Agra (U.P) based company engaged in providing services of a Multi System Operator (MSO) to various Local Cable TV operators of Agra and adjoining areas. Sea TV has its own local channels, programmes of which are produced by its own production team. These local channels mainly focus on Agra city/U.P State news/events and information, which is more relevant to the city viewers.
Sea TV proposes to adopt latest technology i.e. IPTV for providing TV channels to its viewers. They already have a network of about 150 franchisees throughout Agra city.
Company Promoters:
The Promoters of the company are:1. Mr. Neeraj Jain
2. Mr. Akshay Kumar Jain
3. Mr. Pankaj Jain
4. Ms. Sonal Jain
5. Ms. Chhaya Jain
Company Financials:
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 946.25 | 796.34 | 581.25 | 453.13 | 175.05 |
| Profit After Tax (PAT) | 150.52 | 102.17 | 59.97 | 25.17 | 2.08 |
Objects of the Issue:
The Object of the issue are:1. Setting up complete Digital Headend and network for implementation of Conditional Access System (CAS).
2. Setting up network for complete IPTV Solution;
3. Setting up of own cable distribution network;
4. Setting up own 20 branch-offices in the City.
Issue Detail:
»» Issue Open: Sep 27, 2010 - Sep 29, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 5,020,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 50.20 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 90 - Rs. 100 Per Equity Share
»» Market Lot: 65 Shares
»» Minimum Order Quantity: 65 Shares
»» Listing At: BSE
Sea TV Network Ltd IPO Grading / Rating
ICRA has assigned an IPO Grade 1 to Sea TV Network Ltd IPO. This means as per ICRA company has 'Poor Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the ICRA IPO Grading Document for Sea TV Network Ltd.
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