Den Networks Limited

CLOSED

OFS · IPO Guide

Floor Price

₹48.50

Lot Size

1Shares

Min. Investment

₹49

Subscription

2.23x

Expert Rating

Avoid

Den Networks Ltd is in business of Broadcasting and Cable TV business. Company has shown almost static results and posted losses till FY19, but since FY20 performance improved and currently trading at reasonable valuations. This industry is very highly competitive and So, we give AVOID rating for this OFS.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Period	Total Income	Total Expenses	Profit After Tax (PAT)
Upto Q3 FY21	1,142.71	982.27	154.88
FY20	1,467.11	1,358.40	58.14
FY19	1,252.40	1,323.59	(299.19)
FY18	1,314.98	1,321.43	(16.77)
FY17	1,198.26	1,321.19	(189.05)
FY16	1,258.58	1,362.86	(230.07)

Start Date	Mar 26, 2021
Close Date	Mar 30, 2021
Offer Size	—
Offer Size for Retail Investors	Base Offer Size 0 shares
Offer Size for Non Retail Investors	Base Offer Size 0 shares
Face Value	Rs 5/- Per Equity Share
Floor Price	Rs 48.50/- Per Equity Share
Lot Size	1
Tick Price	0.05
Min Bid Quantity	1
Allocation Methodology	Price Priority
Non Retail Clearing Price	Rs 48.5/-
Retail Clearing Price	Rs 48.5/-
Selling Member	Morgan Stanley India Company Private Limited, Axis Capital Limited
Seller Promoter	Dr. Anil Jindal, Mr. Sunil Jindal, Mr. Bishan Bansal, Mr. Raju Bansal, BTL Industries Limited, BTL Portfolio Limited

Den Networks Limited

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