Moving Media Entertainment Ltd. is launched its initial public offering (IPO) on Thursday, June 26. The company provides camera and lens equipment to the media and entertainment industry. Investors planning to apply for the NSE SME IPO should take note of a few details before making their decision.
Moving Media Entertainment IPO: Key Details
Moving Media Entertainment IPO is a book-built issue worth Rs 43.4 crore, consisting entirely of a fresh issuance of 62 lakh equity shares.
The price band for the Moving Media Entertainment IPO has been set between Rs 66 and Rs 70 per share.
For the retail investors, the minimum application size is 2,000 shares, requiring an investment of Rs 1,40,000, at the upper end of the price band. The minimum application size for High Net-Worth Individuals (HNIs) is two lots, or 4,000 shares, amounting to Rs 2,80,000.
The company has set aside 50% of the net issue for the Qualified Institutional Buyers (QIBs) and 15% for the Non-Institutional Investors (NIIs). The retail quota of the IPO comprises 35% of the net issue.
Gretex Corporate Services Ltd. is the book-running lead manager for the Moving Media Entertainment IPO. Maashitla Securities Private Ltd. has been appointed as the registrar for the issue. Gretex Share Broking Private Ltd. will act as the market maker for the IPO.
The subscription window for the Moving Media Entertainment IPO will close on Monday, June 30. The IPO share allotment status is expected to be finalised on Tuesday, July 1. Refunds to unsuccessful applicants will be initiated on Wednesday, July 2. On the same day, shares will also be credited to the Demat accounts of successful investors. Moving Media Entertainment shares are tentatively scheduled to be listed on the NSE SME platform on Thursday, July 3.
Moving Media Entertainment IPO: Day 1 Subscription Status
The Moving Media Entertainment IPO has been subscribed 1 times as of 4:24 p.m. on Thursday, as per Chittorgarh data.
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Qualified Institutional Buyers: 0.91 times
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Non-Institutional Buyers: 0.42 times
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Retail Investors: 1.29 times
*The subscription status will be updated at regular intervals
Moving Media Entertainment IPO GMP
According to Investorgain, as of 8:30 a.m. on June 26, the grey market premium (GMP) for the Moving Media Entertainment IPO stood at Rs 13 per share. Based on the upper end of the price band of Rs 70 per share, the estimated listing price stands at Rs 83, as indicated by the GMP. This suggests a potential listing gain of around 18.57% per share.
Note: GMP is not an official source of data and is based on speculation.
Moving Media Entertainment: Business And Financials
Moving Media Entertainment Ltd. specialises in renting out camera and lens equipment to the media and entertainment industry across India. The company provides a wide range of professional-grade gear on a returnable basis. The company’s inventory includes cameras, lenses, lighting, sound equipment and accessories such as filters, grips, gimbals and monitors.
Use of Proceeds
Moving Media Entertainment Ltd. has proposed to utilise the net proceeds from its IPO to strengthen its business operations, with a focus on investing in advanced camera solutions. A portion of the funds will be used to repay or pre-pay certain outstanding debt facilities. The remaining amount will be allocated towards general corporate purposes.
Financials
Moving Media Entertainment Ltd. reported a 59% year-on-year increase in revenue at Rs 37.06 crore in FY25, compared to Rs 23.38 crore in FY24. The company also recorded a marginal 3% rise in profit after tax (PAT) at Rs 10.4 crore in FY25 from Rs 10.09 crore in FY24.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
. Read more on IPOs by NDTV Profit.