Mid Valley Entertainment IPO Grade - Indian IPO Blog

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Friday, January 7, 2011

Mid Valley Entertainment IPO Grade

The upcoming IPO of Mid Valley Entertainment Limited, has been assigned an IPO Grade 1/5 by Brickworks. Brickwork Ratings  ‟BWR IPO Grade 1” indicates poor fundamentals for the issue in relation to the other listed equity securities in India. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to the other listed equity securities in India

Mid Valley Entertainment Ltd. is engaged in film production, distribution & exhibition in South India.  The company produces, distributes and exhibits movies both in Indian and foreign languages. It also holds the music, video and television rights of movies, television serials for sales to TV Channels. The company has earlier produced movies like Thambi and Seena Thana in Tamil.

The company presently has screening agreements with 46 theatres across Tamil Nadu, Andhra Pradesh and Karnataka. The company plans to focus primarily on movie production and exhibition business going forward

Click here to download the Midvalley Entertainment Ltd. IPO Grading Document

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