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UTV files IPO prospectus with SEBI
MUMBAI: UTV Software Communications Ltd (UTV), today filed the prospectus with the Stocks and Exchange Board of India for entering the capital market with a public issue of 5,999,950 equity shares of Rs10 each through a 100 percent book building process. The IPO is expected to happen sometime between September and November 2004.
The maiden public issue by UTV comprises a fresh issue of 3,000,000 equity shares and an offer for sale of 2,999,950 equity shares of Rs10 each. This includes a reservation of 299,950 equity shares for employees on a competitive basis. The net offer issue to public of 5,700,000 equity shares would constitute 31.68 per cent of the fully diluted post issue paid-up capital of the company, says an official release. For the 10-month period ending January 2004, the company posted revenues of Rs 871 million and a PAT of Rs 85.2 million.
The proceeds funds from the IPO will be used for enhancement of production facility and office infrastructure, investment in UTV’s own kids channel (Hungama TV), funding of SFX and post-production expansion, working on growth plans in studio and post production infrastructure to cope with its augmented requirements and capital requirements for its film movie distribution initiatives and general corporate purposes.
The issue, according to the company, is being made through 100 per cent book building process, wherein up to 50 per cent of the Net Offer Issue to Public will be allocated to Qualified Institutional Buyers on a discretionary basis, not less than 25 per cent of the Net Offer Issue to Public would be allocated to Non-Institutional Investors and not less than 25 per cent of the Net Offer Issue to Public, would be allocated to Retail Individual Investors on a proportionate basis, subject to valid bids being received from them at or above the Issue Price, says the release.
Claiming to be the only Indian content creation media company with multiple revenue streams from activities that span the gamut of media and include movie production, movie distribution, TV programming, animation, SFX, air time sales and investment in broadcast channels, UTV says its customer base includes companies like Walt Disney, Times Warner, Fox, National Geographic Channel and The History Channel.
The lead manager to the issue is Enam Financial Consultants and co-book running lead manager is IL& FS Investsmart. The shares are proposed to be listed on the Mumbai Stock Exchange and the National Stock Exchange.
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Business Today MindRush returns to Mumbai, spotlight on India’s edge in a fractured world
Policymakers and corporate heavyweights gather to map supply chains, energy security and markets
MUMBAI: As fault lines widen across global trade and geopolitics, Business Today is doubling down on India’s moment. The 14th edition of Business Today MindRush & Best CEOs Awards lands in Mumbai on March 28, pitching India’s strategic edge at the centre of a fragmenting world.
The day-long summit, presented by PwC, will bring together a tight mix of policymakers, industry leaders and market voices to decode shifting supply chains, maritime strategy, defence priorities, energy security and capital markets—sectors now deeply entangled with geopolitics.
M Nagaraju, secretary, department of financial services, ministry of finance, will headline the event, setting the tone for discussions that aim to track how India is repositioning itself amid disrupted trade routes and volatile energy dynamics.
The speaker slate reads like a cross-section of India Inc’s command centre. Krishna Swaminathan will zero in on sea lanes and supply chains, while Prashant Ruia is set to push the case for self-reliance in oil and gas. Ashish Chauhan will weigh in on capital markets at a pivotal juncture, as a panel featuring Vibha Padalkar, Sanjiv Mehta, Amish Mehta and Sanjeev Krishan debates navigating economic uncertainty.
Leadership under pressure will be another running theme. Madhavkrishna Singhania, Sharvil Patel, Karan Bhagat and Anurag Choudhary will unpack how businesses are steering through disruption. Arun Alagappan will turn the spotlight on fertilisers, Arundhati Bhattacharya will reflect on leadership transitions, while Anish Shah and S Vellayan will outline blueprints for building future-ready conglomerates.
The event will close with Aroon Purie setting the broader editorial lens, before the Best CEOs Awards recognise standout corporate leadership across sectors.
At a time when the global order looks increasingly splintered, MindRush 2026 is positioning itself as more than a conference—it is a signal that India intends not just to navigate the churn, but to shape it.
