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City Pulse IPO is a fixed price issue of Rs 3.98 crores.
City Pulse IPO bidding started from June 27, 2019 and ended on July 3, 2019. The allotment for City Pulse IPO was finalized on Monday, July 8, 2019. The shares got listed on BSE SME on July 11, 2019.
City Pulse IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Capitalsquare Advisors Private Limited is the book running lead manager of the City Pulse IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to City Pulse IPO RHP for detailed information.
| IPO Date | June 27, 2019 to July 3, 2019 |
| Listing Date | July 11, 2019 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,328,000 shares (aggregating up to ₹3.98 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 19,990,000 |
| Share holding post issue | 33,180,000 |
| Market Maker portion | 72,000 shares |
City Pulse IPO offers 1,328,000 shares. 628,000 (47.29%) to NII, 628,000 (47.29%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 72,000 (5.42%) |
| Other Shares Offered | 628,000 (47.29%) |
| Retail Shares Offered | 628,000 (47.29%) |
| Total Shares Offered | 1,328,000 (100%) |
City Pulse IPO opens on June 27, 2019, and closes on July 3, 2019.
| IPO Open Date | Thursday, June 27, 2019 |
| IPO Close Date | Wednesday, July 3, 2019 |
| Basis of Allotment | Monday, July 8, 2019 |
| Initiation of Refunds | Tuesday, July 9, 2019 |
| Credit of Shares to Demat | Tuesday, July 9, 2019 |
| Listing Date | Thursday, July 11, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 3, 2019 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
Mr Arpit Kumar Mehta and Mrs Rajal Arpit Kumar Mehta are the promoters of the company.
| Share Holding Pre Issue | 65.73% |
| Share Holding Post Issue | 39.43% |
Incorporated in 2000, City Pulse Multiplex Limited is engaged in the area of setting-up, managing and operating a multiplexes/miniplex chain in India. There are 14 screens of the company with the 3340 seating capacity under the WOW Cine Pulse brand name across Gujarat.
The company has also debuted in the production work in Love is Blind (Gujarati movie) in 2006. The first cinema screen of the company was established in 2007 in Mehsana. Currently, the company has a presence across 14 locations in Gujarat. The cinemas of the company are surrounded by food courts, restaurants, malls, and car parking facilities which are attractive for patrons.
The company is also planning to launch an innovation entertainment project namely World on Wheel which is a cinema on wheels along with all the facilities like a miniplex / multiplex. The company has already purchased the containers and proposing to launch the new project in fiscal 2020.
The company primarily involved in three types of business, which are:
1. Film Production
2. Film Distribution
3. Film Exhibition
The competitive strengths of the company are:
1. In-depth research-based investment
2. Strategic location
3. Experienced promoters in the film industry
4. Reasonable and affordable price
5. Pleasant Ambience
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 615.58 | 324.57 | 276.33 | |
| Total Revenue | 308.96 | 65.80 | 20.89 | |
| Profit After Tax | 59.10 | 26.28 | 9.96 | |
The company proposes to utilize the issue proceeds towards the following objects:
I. Setting up of new miniplex /Multiplex;
II. General corporate purpose and
III. To Meet the Issue Expenses
[Dilip Davda]
CPML is a regional player in a highly competitive market with nationwide players like Inox, PVR, Cinepolis etc. Based on the scale of working, the issue is fully priced. Cash surplus risk savvy investors may consider investment at their own risk.
Read detail review...The City Pulse IPO is subscribed 3.00 times on July 3, 2019 6:49:03 PM. The public issue subscribed 3.33 times in the retail category, times in the QIB category, and 2.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.67 |
| Retail | 3.33 |
| Total | 3.00 |
| Listing Date | July 11, 2019 |
| BSE Script Code | 542727 |
| NSE Symbol | |
| ISIN | INE056001014 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹28.50 |
| ₹28.00 |
| ₹29.90 |
| ₹29.65 |
City Pulse Multiplex Limited
401, 4th Floor, Sachet 1,
Swastik Cross Road, Navrangpura,
Ahmedabad-380009, Gujarat, India
Phone: 079 40070706 / 708
Email: cs@wowcinepulse.com
Website: http://www.wowcinepulse.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cpml.ipo@linkintimne.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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City Pulse IPO is a SME IPO of 1,328,000 equity shares of the face value of ₹10 aggregating up to ₹3.98 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on June 27, 2019, and closes on July 3, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The City Pulse IPO opens on June 27, 2019 and closes on July 3, 2019.
City Pulse IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in City Pulse IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for City Pulse IPO will be done on Monday, July 8, 2019, and the allotted shares will be credited to your demat account by Tuesday, July 9, 2019. Check the City Pulse IPO allotment status.
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