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UTV fixes price band at Rs 115-130 for IPO
MUMBAI: UTV Software Communications has fixed the price band at Rs 115-130 for its initial public offering (IPO) issue of 6,999,950 equity shares of Rs 10 each through a 100 per cent book building process to part finance its expansion plans.
The size of the IPO will be Rs 910 million at the upper end and Rs 805 million at the lower end of the band. The issue is scheduled to open on 21 February and close on 25 February.
Enam Financial Consultants is the book running lead manager while IL&FS Investmart is co-book running lead manager to the issue.
The issue comprises fresh equity of 4,500,000 shares of Rs10 each and offer for sale by CDPQ (a Canadian private equity investor) of 2,499,950 equity shares of Rs10 each for cash. It consists of 349,950 equity shares reserved for employees on a competitive basis and a net issue to public of 6,650,000 equity shares. The net issue to public would constitute 34.11 per cent of the fully diluted post issue paid-up capital of the Company.
The IPO is being made through 100 per cent book building process wherein up to 50 per cent of the net issue to public shall be allocated to Qualified Institutional Buyers on a discretionary basis, not less than 25 per cent of the net issue to public would be allocated to Non-Institutional Investors and not less than 25 per cent of the net issue to public, would be allocated to retail individual investors on a proportionate basis. This will be subject to valid bids being received from them at or above the issue price.
The proceeds from the IPO will be used for enhancement of production facility & office infrastructure, investment in the Kids Channel (Hungama TV) project, funding of SFX & post-production expansion, investment in movie Production and distribution initiatives and general corporate purposes.
The roadshows will be kicked off from Mumbai on 14 February, followed by Delhi and Ahmedabad.
UTV has recently partnered with Fox Searchlight on Mira Nairs The Name sake. It has also announced its latest Hindi feature production Rang De Basanti starring Aamir Khan directed by Rakesh Mehra.
UTV Software Communications Ltds unconsolidated restated total income and profit after tax for the six months period ended 30 September, 2004 was Rs 638.43 million and Rs. 63.68 million respectively.
The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
