Bharatiya Global Infomedia IPO
Bharatiya Global Infomedia Ltd (BGIL) is a technology based company, is in the business of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio. BGIL focusing on the sectors such as Information Technology security and compliance automation software solutions and technology related to media & entertainment industry with focus on research & development.
BGIL provides visibility across the IT infrastructure, intelligently identifies security threats and compliance breaches, and automates security and compliance processes to reduce risk. They have total of 32 Radio Frequency Identification solutions, out of which they got registration for 8 solutions from Government of India. The IT division of the Company has developed products in house in its R& D centre in Noida using Radio Frequency Identification (RFID) technology. RFID is the key technology of BGIL and used for identification and tracking of the identity, location and conditions of assets, tools, inventory, people using radio waves. The issue would constitute 42.42% of the fully diluted post issue paid-up capital of the company. Price band: Rs. 75 to Rs. 82 per equity share of face value of Rs. 10/- eachThe issue price is 7.5 times the face value at the lower end of the price band and 8.2 times the face value at the higher end of the price band
Company Promoters:
The promoters of the company are:
1. Mr. Rakesh Bhhatia NSE
2. Mrs. Arti Bhatia BSE
Objects of the Issue:
The object of the issue are to:
1. Setting up of Corporate office at Noida & Branch Office at Mumbai;
a. Purchase of owned Corporate office at Noida & relocation of Branch Office at Mumbai
b. Upgradation of Digital Post Production Studio and Investment in IT division
2. Expansion of R&D technology centre;
3. Repayment of bank borrowings;
4. Meeting long term working capital requirements;
5. Meeting general corporate purposes; and
6. Meeting Issue Expenses.
Issue Detail:
»» Issue Open: Jul 11, 2011 – Jul 14, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 6,720,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 50.40 – 55.10 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 75 – Rs. 82 Per Equity Share
»» Market Lot: 75 Shares
»» Minimum Order Quantity: 75 Shares
»» Listing At: BSE, NSE
Bharatiya Global Infomedia Ltd IPO Grading
CARE has assigned an IPO Grade 2 to Bharatiya Global Infomedia IPO. This means as per CARE, company has ‘Below Average Fundamentals‘. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Bharatiya Global Infomedia Prospectus (24)