Moving Media Entertainment Unveils Rs 43.40 Crore IPO on NSE SME Platform
By ScanX News Team
Moving Media Entertainment Limited, a media and entertainment company, is launching its IPO on the NSE SME platform from June 28 to June 30. The company aims to raise Rs 43.40 crore by offering 62 lakh fresh equity shares at a price band of Rs 66.00 to Rs 70.00 per share. The minimum lot size is 2,000 shares, requiring a minimum investment of Rs 1.40 lakh for retail investors. The IPO proceeds will be primarily used for investing Rs 25.00 crore in advanced camera solutions and Rs 9.00 crore for debt repayment. The company plans to list its shares on July 3, subject to approvals.
*this image is generated using AI for illustrative purposes only.
Moving Media Entertainment Limited, a company in the media and entertainment sector, has announced the launch of its Initial Public Offering (IPO) on the NSE SME platform. The IPO, set to open for subscription from June 28 to June 30, aims to raise Rs 43.40 crore from the market.
IPO Details
| Aspect | Details |
|---|---|
| Issue Size | 62 lakh fresh equity shares |
| Price Band | Rs 66.00 to Rs 70.00 per share |
| Lot Size | 2,000 shares |
| Minimum Investment | Rs 1.40 lakh for retail investors |
| Listing Date | July 3 (planned) |
Utilization of Funds
The company has outlined specific plans for the utilization of the IPO proceeds:
- Investment in Advanced Camera Solutions: Rs 25.00 crore
- Debt Repayment: Rs 9.00 crore
The remaining funds are expected to be used for general corporate purposes and to meet issue expenses.
Subscription and Listing
Investors interested in subscribing to the IPO can do so from June 28 to June 30. The company plans to list its shares on the NSE SME platform on July 3, subject to regulatory approvals and market conditions.
Company Overview
Moving Media Entertainment Limited operates in the media and entertainment industry. While specific details about the company's operations are not provided in the available information, the substantial investment planned for advanced camera solutions suggests a focus on high-quality video production or broadcasting equipment.
Market Impact
This IPO represents an opportunity for investors to participate in the growth of a company in the dynamic media and entertainment sector. The decision to list on the NSE SME platform aligns with the trend of smaller companies accessing public markets to fuel their expansion plans.
Investors should conduct thorough research and consider their risk appetite before making investment decisions. As with all IPOs, it's advisable to review the company's prospectus and financial statements for a comprehensive understanding of the business and associated risks.
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