Madhya Pradesh Today Media Limited
Madhya Pradesh Today Media Limited is in the media sector
Madhya Pradesh Today Media Limited is the company that prints and sells “Pradesh Today” news paper. Pradesh today is an evening daily newspaper that is mostly read in the state of Madhya Pradesh ( it is distributed and read in other states as well). It is a hindi newspaper with 12 pages in color print. It was launched in 2010 by Madhya Pradesh Today Media Limited and re-launched on a large scale on 5th April 2011. Madhya Pradesh Today Media Limited was incorporated on 18th November, 2010.
When Pradesh Today was launched it gained a paid-up booking of approximately 55,181 copies per day. After its launch, the breakeven was achieved in a year. It also introduced a morning daily newspaper in Madhya Pradesh in 2010. After it established its sales in Madhya Pradesh and Chhattisgarh, the company introduced its newspaper in the states of Uttar Pradesh, Delhi and Mahrashtra. The company also plans to expand to other states.
State Wise distribution of number of copies per day is given in the table below.
OBJECTS OF THE ISSUE:
♦ Expansion of Business by upgrading Unit Offices in various cities in the State of Madhya Pradesh and Chhatisgarh
♦ Meeting working capital requirements
♦ General Corporate Expenses
♦ Issue Expenses
PROMOTERS OF THE COMPANY:
♦ Mr. Hradayesh Kumar Dixit
♦ Mr. Shantanu Dixit
Rate this IPO:
|Total Issue Size||2146500|
|Total Bids Received||6286000|
|Total Bids Received at Cut-off Price||-|
|No. of times issue is subscribed||2.93|
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