Analysis and Insights into the world of IPOs and investing in India

Thursday, September 23, 2010

Sea TV Network IPO to open from Monday, September 27, 2010

Sea TV Network Ltd., an Agra based company engaged in providing services of a Multi System Operator (MSO) to various Local Cable TV operators of Agra and adjoining areas, is coming up with an IPO in a Price Band of Rs.90/- to Rs.100/- per equity share with a bid lot of 65 Equity Shares and in multiples thereof. Sea TV Network IPO would remain open for subscription between Monday, September 27, 2010 and Wednesday, September 29, 2010.

The Objects of the Issue are for raising capital for:
1. Setting up complete Digital Headend and network for implementation of Conditional Access System (CAS)
2. Setting up network for complete IPTV Solution
3. Setting up of own cable distribution network
4. Setting up own 20 branch-offices in the City

Sea TV has its own local channels, programmes of which are produced by its own production team. These local channels mainly focus on Agra city and U.P State news, events and information
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