Cineom Broadcast IPO – Review, Allotment, Subscription, GMP Price, Date & more

Cineom 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.Stock Broker Complaints


Cineom Broadcast IPO Review & Ratings

Cineom Broadcast IPO Ratings & Review
CriteriaRatings
Industry Sentiments 8.3/10
Industry Ranking 8.3/10
Company Background8.1/10
Company Reputation8.4/10
Competitive Edge8.4/10
Financial Statements8.5/10
Popularity Index8.2/10
Promoters Reputation8.3/10
Retail Appetite 8.2/10
Top Brokers Review8.3/10
Overall Ratings 8.3/10
Star Ratings★★★☆☆

Summary of Cineom Broadcast IPO

Cineom Broadcast IPOCineom 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 1X
    Day 2 X
    Day 3X
    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-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
    Total Assets4,603.703,784.682,344.562,137.391,709.30
    Total Revenue7,854.456,425.373,801.995,390.482,443.30
    Total Expense6,491.135,681.173,479.834,925.332,236.29
    Profit After Tax977.95495.52213.65313.18123.23

    Earnings per Equity Share (in Lakhs)

    31-Dec-1831-Mar-1731-Mar-16
    Basic and Diluted8.776.65

    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 Sale12,50,000 Equity Shares of Rs.10 each
    Fresh Issue48,90,000 Equity Shares of Rs.10 each
     Equity Shares outstanding prior to the Issue1,55,16,156 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 EPSRONW (%)NAV (Rs.)
    31-Mar-16
    31-Mar-176.6539.04
    31-Mar-188.7733.9125.85

     


     

    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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking6.5/106.6/106.6/106.4/106.4/10
    Sharekhan6.7/106.4/106.6/106.1/106.2/10
    Kotak Securities6.7/106.7/106.7/106.4/106.3/10
    ICICI Direct6.6/106.3/106.7/106.5/106.5/10
    IIFL6.4/106.7/106.8/106.4/106.7/10
    Edelweiss6.7/106.4/106.4/106.3/106.7/10
    Zerodha6.5/106.4/106.7/106.4/106.5/10
    5Paisa6.7/106.4/106.3/106.7/106.5/10
    Karvy6.8/106.3/106.7/106.4/106.0/10
    Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

    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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