Midvalley Entertainment Ltd IPO to Open On 10 January

Online, January 7, 2011 (Newswire.com) - Midvalley Entertainment Ltd, a Chennai-based multinational Media & Entertainment company primarily engaged in Production, Distribution, Exhibition and Cine Advertising, will launch an Initial Public Offering (IPO) of Rs. 60 Crore. The issue will be open from 10 January to 12 January 2011. The price band for the issue has been fixed at Rs 64-Rs 70 per equity share of face value, Rs. 10 each.

Minimum Bid Quantity is 95 Shares (Rs. 6650 with 1 Lot) at upper level of price band and Maximum Bid Quantity is 2850 Shares (Rs. 199500 with 30 Lots ) at upper level of price band. The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

"We plan to have a fresh issue of 90 lakh shares for the IPO and the money will be used mainly for our exhibition business," said Chandrasegaran, chief operating officer, Mid Valley. The Book Running Lead Manager to the IPO is Aryaman Financial Services Ltd.

If you want to invest in Midvalley Entertainment Ltd. IPO, you need to have a demat account. To open a demat account please visit www.demat9.in