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|
Company |
Adlabs Films
|
Market Price |
Not listed |
Lead manager |
SBI Capital Markets, Centrum Finance
|
Listing At |
BSE, NSE
|
Opening/Closing |
December 11/December 16 |
Promoters |
Manmohan Shetty, Vassanji Mamania
|
Associate Co. |
Adlabs Film Laboratories Pvt Ltd, Adlabs Finance Ltd, Mamania Films Pvt Ltd, Adlabs Shringar Multiplex Cinemas Ltd., M/S Adlabs, Adlabs Video Pvt Ltd,
|
Managing Director |
Manmohan Shetty
|
Post-issue Stake |
79.54%
|
Issue |
|
Size |
Rs 528 million
|
Price |
Face value: Rs 5, Premium: Rs 115
|
On Application |
Rs 120 |
On Allotment |
— |
Objective |
Set up an I-MAX Dome theatre and Multiplex Theatre with 4 screens at Bombay, modernise existing film processing facilities
|
Business |
|
Present |
Processing and printing of cinematographic film, Trading of raw cinematographic films
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Proposed Project
|
Set up multiplexes and an I-MAX theatre with the world's largest dome |
Location |
Bombay
|
Project cost |
Rs 610 million
|
Funded by |
Equity, internal accruals, unsecured loan |
Kensource projections |
(2001) |
Sales |
Rs 815 million |
Profit |
Rs 11.4 million
|
Earnings per share |
Rs 5.30
|
Forward P/E |
31 |
Post-issue equity |
Rs 107.5 million
|
Return on net worth |
17%
|
Comment |
New concept, risky, unrelated business, capital-intensive, not enough cushion for all this in the issue price. |
Rating *
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E. Consider after March 2001 numbers come out
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* A=Subscribe & Hold; B = Subscribe & Watch; C=Subscribe & Sell; D = Avoid; E = Buy post-listing
By Kensource Information Services Pvt Ltd.
Money
IPO Analysis
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