The issue will close for subscription on January 11. The price band and minimum bid lot will be announced soon.
It 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.
Issue proceeds are proposed to be utilised for entering into screening agreements with 300 cinema theatres; renovation and up-gradation of cinema infrastructure with digital equipment and other related assets for a select 100 screens; and acquisition of company, acquisition of screening rights of company having similar line, range and objects of business.
Current promoters Unigold Pacific, Kiara Enigma and Global Motion Pictures & Ventures Pte Ltd hold 18.96%, 8.62% and 21.88% stake respectively in the company.
Equity shares are proposed to be listed on Bombay Stock Exchange.
Aryaman Financial Services limited is the book running lead manager to issue.
