Den Networks IPO – files DRHP with SEBI

Den Networks is considering an IPO and in this regard they have filed DRHP with SEBI. Digital Entertainment Networks is a cable distribution company which is planning to raise around Rs 280-300 crore.

The bulk of this amount will be used for cable infrastructure and the rest which is around Rs 25 crore will be used for broadband infrastructure. Approximately Rs 10 crore will be used for the acquisition of content rights and Rs 40 crore for re-payment of debt. The largest promoter is Sameer Manchanda and post IPO, the promoter holding will dilute to 34%, which currently at 40%. Lucid Systems Private Limited holds around 14%. It is going to dilute around 12.2% after the IPO.

Deutsche Equities India Private Limited is the global co-ordinator and Antique Capital Markets Private Limited is the co-book running lead manager to Den Networks IPO. Karvy Computershare Private Limited is the registrar.

Related posts:

1. Lodha Developers IPO in Oct-Nov Lodha Developers IPO (initial public offering) is expected around October-November,...
2. UK’s Ashmore in talks to exit Digicable UK-based private equity (PE) firm Ashmore Investment, which holds 49%...
3. UK’s Ashmore in talks to exit Digicable UK-based private equity (PE) firm Ashmore Investment, which holds 49%...
4. Coastal Projects gets Rs 250-cr PE funding Global private equity majors Barings, Sequoia Capital, Fidelity and Deutsche...
5. Man Infa fixes IPO price-band Infrastructure construction major, Man Infraconstruction, plans to raise over Rs...

Related posts brought to you by Yet Another Related Posts Plugin.