Business description from prospectus – Pradesh Today – a daily Hindi Newspaper, was launched in the year 2010. Thereafter, the newspaper was launched on a bigger scale and the mega launching of ‘Pradesh Today’ was carried out on 5th April 2011. In its survey phase only, it notched up a paid-booking of approximately 55,181 copies per day. The Company achieved its Break-Even within a period of one year.
‘Pradesh Today’ is the First Evening Daily of the Madhya Pradesh State which is providing all its 12 pages coloured and that too in an international size form of newspaper. It also introduced Morning Daily newspaper in the State of Madhya Pradesh in the year 2010. After establishing well all over Madhya Pradesh and Chhatisgarh States, the company introduced its newspaper in the State of Uttar Pradesh, Delhi & Maharashtra. Now it also has plans to start publication and printing in other States of India in the years to come. The company has a strong team of experts having wide experience in print media.
The number of copies circulated/distributed per day by the Pradesh Today on state wise basis are as under:
Madhya Pradesh – 15,55,483
Chhattisgrah – 1,87,314
Uttar Pradesh – 1,15,082
Delhi – 1,13,338
Maharashtra – Negligible
Promoters of Madhya Pradesh Today Media – Mr. Hradayesh Kumar Dixit and Mr. Shantanu Dixit
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Madhya Pradesh Today Media IPO details |
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| Subscription Dates | 19 – 21 September 2017 |
| IPO Price band | INR66 per share |
| Fresh issue | 2,146,500 shares (INR14.17 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,146,500 shares (INR14.17 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
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Madhya Pradesh Today Media’s financial performance (in INR crore) |
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 10.6 | 15.7 | 15.4 | 15.2 | 19.3 | |
| Total expenses | 9.9 | 14.6 | 14.7 | 14.2 | 15.8 | |
| Profit after tax | 0.5 | 0.7 | 0.4 | 0.7 | 2.3 | |
Madhya Pradesh Today Media Limited
178, Bhakt Prahlad Nagar,
Near Gangwal Bus Stand,
Opposite M.O.G. Lines, Indore-452 006
Phone: +91 75530 95500
Email: [email protected]
Website: www.pradeshtoday.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.30 |
| Day 2 | 0.48 |
| Day 3 | 2.93 |
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Earnings Per Share (EPS): INR9.63
Price/Earnings (P/E) ratio: 6.85
Return on Net Worth (RONW): 51.85%
Net Asset Value (NAV): INR18.58 per share
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E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
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Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Madhya Pradesh Today Media IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 19 September 2017
IPO Closing Date: 21 September 2017
Listing Date: 29 September 2017
Listing Price on NSE SME: INR70 per share (up 6.1% from IPO price)
Closing Price on NSE SME: INR79.2 per share (up 20% from IPO price)
