Cineom Broadcast IPO – Review, Allotment, Subscription, GMP Price, Date & more
Last Updated Date: Nov 16, 2022Cineom ranks top in the list of leading system integrators in the Indian industry to operate in all facets of Media, Entertainment and Broadcast industry. The Company has issued 61,40,000 Equity shares of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Cineom Broadcast IPO release date, IPO offer price, subscription, Cineom Broadcast IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Cineom Broadcast IPO Review & Ratings
| Cineom Broadcast IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.3/10 |
| Industry Ranking | 8.3/10 |
| Company Background | 8.1/10 |
| Company Reputation | 8.4/10 |
| Competitive Edge | 8.4/10 |
| Financial Statements | 8.5/10 |
| Popularity Index | 8.2/10 |
| Promoters Reputation | 8.3/10 |
| Retail Appetite | 8.2/10 |
| Top Brokers Review | 8.3/10 |
| Overall Ratings | 8.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Cineom Broadcast IPO
Cineom Broadcast India Pvt Ltd is one of the leading system integration companies in the Indian media industry, specializing in turn keys projects, equipment sales and services. They supply and integrate film, video, audio, radio and TV broadcast equipments. The Issue comprises of a Public Issue of 61,40,000 Equity shares of face value of Rs.10.00 each fully paid (the “Equity Shares”) for cash at a price not yet disclosed.
From FY 2016-17 to FY 2017-18, as per the Restated Financial Statements,
- Company’s Revenue from Operations for the year 2017-18 is Rs. 9,754.44 Lacs from the year 2016-17 of Rs. 8,813.48 Lacs.
- During the FY 2017-18 the Other Income of our company increased to Rs. 79.85 Lakhs as against Rs. 50.07 Lakhs for the financial year 2016-17, representing increase by 60% due to increase in interest income & insurance claim in FY 2016- 17.
- Company’s Net Profit after tax for the year 2017-18 is Rs. 1357.79 Lacs from the year 2016-17 of Rs. 1030.50 Lacs showing an increase of 3.17% from last year, showing remarkable performance.
The Promoter of this company are VINAYAK VISHNUPANT DEO AND SHAILESH HARI PARAB. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
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Cineom Broadcast IPO Date
The opening and the closing date of IPO of Cineom Broadcast is not known yet.
Cineom Broadcast IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Cineom Broadcast IPO Allotment Status
The Allotment status will be known once the issue is subscribed.
Cineom Broadcast IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Cineom Broadcast IPO Equity Share Offering
61,40,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (15,00,000* Issue Price).
Cineom Broadcast Limited – Company Overview
Cineom Broadcast was incorporated as “Cineom Broadcast India Private Limited” at Mumbai under the provisions of the Companies Act, 1956 vide certificate of incorporation dated January 24, 2000, issued by the Registrar of Companies, Maharashtra, Mumbai bearing registration No. 11-123797 of 2000. The name of the Company was subsequently changed to “Cineom Broadcast India Limited” pursuant to a special resolution passed by the shareholders of the company at the Extra Ordinary General Meeting held on April 23, 2018 and a fresh certificate of incorporation consequent upon conversion from Private Company to Public Company was issued by the Registrar of Companies, Mumbai, on May 11, 2018.
The Company is primarily engaged in delivering Supply, Installation, Testing and Commissioning (SITC) services in Broadcast and Film domain with specialization in shooting floors, recording Studio Design, movie-image Capture solution, Video -Audio Processing, VFX, Restorations, Media asset management, Playout and Up-link solution, AV and surveillance into the business of Broadcast and Video post system integration. In order to stand against the competition, promoters strived to provide a value-additive service to enhance customer experience. They decided that to carve a niche in the industry, Company should be focusing on providing complete solutions rather than being a “run-of-the-mill” box seller.
Competitive Strengths of Cineom Broadcast Limited:
- Strong Market Intelligence
- Proficient Management Team
- Long term Relationship with clients.
- One stop solution.
- Inhouse capability of design and build.
- Ability to execute large multiple projects.
- Strong Partnership.
Business strategies of Cineom Broadcast Limited:
- Cloud based Playout Software & services
- Global Expansion Channel
- Outsourcing & leasing Services
Cineom Broadcast Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 4,603.70 | 3,784.68 | 2,344.56 | 2,137.39 | 1,709.30 |
| Total Revenue | 7,854.45 | 6,425.37 | 3,801.99 | 5,390.48 | 2,443.30 |
| Total Expense | 6,491.13 | 5,681.17 | 3,479.83 | 4,925.33 | 2,236.29 |
| Profit After Tax | 977.95 | 495.52 | 213.65 | 313.18 | 123.23 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic and Diluted | 8.77 | 6.65 | – |
From the above statements, one could find that the Cineom Broadcast Limited may perform well.
Cineom Broadcast IPO – Promoters
The Promoter of this company are:
- VINAYAK VISHNUPANT DEO
- SHAILESH HARI PARAB
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Cineom Broadcast IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 61,40,000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed). |
| Of which: | |
| Reserved for Market Makers | [●] Equity Shares of Rs 10/- each |
| Net Issue to the Public | [●]Equity Shares of Rs 10/- each |
| Of which: | |
| Offer for Sale | 12,50,000 Equity Shares of Rs.10 each |
| Fresh Issue | 48,90,000 Equity Shares of Rs.10 each |
| Equity Shares outstanding prior to the Issue | 1,55,16,156 Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | [●] Equity Shares of Rs 10/- each |
Cineom Broadcast IPO Issue Object
These are the IPO Issue Objects of the company
- Creating set ups for providing outsourced Broadcasting services
- Developing a Cloud based Playout
- Funding the Working Capital requirements of the Company
- General corporate purposes.
Cineom Broadcast IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strong Market Intelligence
- Proficient Management team
- In house capability of design and build
- Strong Partnerships
- Execute Large/Multiple projects simultaneously
- One Stop Solution Provider
- Established Long Term Relationships With Our Clients
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | – | – | – |
| 31-Mar-17 | 6.65 | 39.04 | – |
| 31-Mar-18 | 8.77 | 33.91 | 25.85 |
Cineom Broadcast IPO Lead Managers
| Lead Managers |
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700, Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Hardik Bhuta SEBI Registration No: INM000012110 |
Cineom Broadcast IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra , India Tel: +91 22 4918 6200, Fax: +91 22 4918 6195 Website: www.linkintime.co.in Email: cineom.ipo@linkintime.co.in Investor Grievance Id: cineom.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Other Details:
- Statutory Auditor – Beli Sharma & Company.
- Peer Review Auditor –M/s R T Jain & Co. LLP
- Bankers to the Company – IDBI Bank Limited,Bank of Baroda
- Legal Counsel to the Issue- RAJANI ASSOCIATES Advocates & Solicitors
Cineom Broadcast IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Cineom Broadcast IPO Grey Market Premium
The Cineom Broadcast IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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Cineom Broadcast IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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