Hindustan Media Ventures IPO

Hindustan Media Ventures is the publisher ofPurpose of the IPO:
"Hindustan", a daily newspaper in Hindi has launchedThe company has planned to raise funds through IPO
its Initial Public Offer of Rs 270 crores. This Initialmainly to build new manufacturing facilities to upgrade
Public Offer opens on July 5 and closes on July 7.the capacity as well as to upgrade the existing
They have fixed the price band as Rs 162 to Rs 175machines and the plants.
per share. The company will be listed in both theFuture of the company:
bombay stock exchange and the national stockThe media sector looks more optimistic although it
exchange.was hit by the economic recession. The recovery is
The promoters of this company are "HT Media". Thisnot yet in the full swing, but the future looks more
company "HT Media" also publishes the other twooptimistic.
magazines "Hindustan Times" and "Mint". HT Media isNext Step - Should you invest in this IPO?
already listed in the exchanges, when they made aYou should analyze the ratings and research reports
IPO at a price of Rs 530 per share. The Initial Publicgiven by the brokerage houses for this Initial Public
offer was launched by the company 4 years ago.Offer and take a decision whether to invest or not.
The face value of the share at Rs 10 was split to RsThe research reports and ratings are available in the
2 in 2006. The latest price of HT media is Rs 150 perrelated websites.
share in the stock exchanges.