Guys, I will suggest you all to invest in this with some medium to long term view. This is nowhere can be compared to Sun TV. Sun TV is a big group and it has strong fundamentals (atleast interms of money and power). Basically i am from Tamilnadu and i know the popularity of Raj TV. Sun TV rules over there as a king and Jaya TV is its rival interms of money and power. These channels Raj TV and others are not much popular and their valuation is not that much high.
So i will suggest again only to invest with medium term and long term. Though one may get listing gain (by luck) it also will not be too high. (max 30% is the gain one may get on listing)
The company has earmarked Rs 106 million for launching a niche channel aimed at the youth while Rs 71.5 million will be for the studio and Rs 62.5 million towards telefilms.