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Review By Dilip Davda on August 28, 2016
Spicy Entertainment & Media Ltd (SEML) is a media and entertainment company with specific focus on event management. It is also engaged in the business of distribution of films and provides event management services to leading Indian insurance companies for their customer awareness programs, brand promotional activities, sign board management, marketing campaigns amongst others.
The company offers fully customized solutions that give shape to its clients’ special preferences, their needs and vision for the program. It offers the most comprehensive range of solutions for corporate as well as private event management and media production needs. SEML plan and stage events to suit the specific needs of clients and has thus emerged as a one-stopshop for all event management and media production requirements.
To part finance its plans for setting up of a recording studio, produce regional feature film, raising general corpus funds, the company is coming out with a maiden IPO of 4820000 equity share of Rs. 10 each at par to mobilize Rs. 4.82 crore. Issue opens for subscription on 01.09.16 and will close on 07.09.16. Minimum application is to be made for 10000 shares and in multiples thereon, thereafter. SEML has issued all equity at par so far. Its current equity capital of Rs. 11.69 crore will stand enhanced to Rs. 16.51 crore post this issue. Issue is solely managed by First Overseas Capital Ltd and Maheshwari Datamatics Pvt Ltd is the registrar to the issue. Post allotment, shares will be listed on BSE SME.
On performance front, for last three fiscals it has posted turnover/ net profit of Rs. 0.16 cr. / Rs. 0.02 cr. (FY14), Rs. 0.17 cr. / Rs. 0.02 cr. (FY15) and Rs. 2.47 cr. / Rs. 0.22 cr. (FY16). If we attribute latest earnings to fully diluted equity post IPO then asking price is at a P/E of 76 plus against industry composite of 30 plus.
On merchant banker’s front, this is the 13th mandate from its stable and has mixed track record for its past mandates.
Conclusion: Risk savvy cash surplus investors may consider investment for long term in this at par issue.
Review By Dilip Davda on August 28, 2016
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. My reviews do not cover GMP market and operators game plans. Readers must consult a qualified financial advisor before making any actual investment decisions, based the on information published here. With entry barriers, SEBI wants only well-informed investors to participate in such offers. With crazy listings in the recent past, SME IPOs drew the attention of investors across the board and lead to seer madness. However, as SME issues have entry barriers and continued low preference from the broking community, any reader taking decisions based on any information published here does so entirely at their own risk. The above information is based on information available as of date coupled with market perceptions. The Author has no plans to invest in this offer.
About Dilip Davda
Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.
Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.
(Dilip Davda -SEBI registered Research Analyst-Mumbai,
Registration no. INH000003127 (Perpetual)
Email id: dilip_davda@rediffmail.com ).
The initial public offer (IPO) of Spicy Entertainment & Media Ltd offers an early investment opportunity in Spicy Entertainment & Media Ltd. A stock market investor can buy Spicy Entertainment IPO shares by applying in IPO before Spicy Entertainment & Media Ltd shares get listed at the stock exchanges. An investor could invest in Spicy Entertainment IPO for short term listing gain or a long term.
Read the Spicy Entertainment IPO recommendations by the leading analyst and leading stock brokers.
Spicy Entertainment IPO offers an opportunity to buy IPO shares before they get listed at the stock exchanges. Read the Spicy Entertainment IPO Notes, Analysis and Recommendations by leading stock brokerage firms and experts in the above answer.
Our recommendation for Spicy Entertainment IPO is to subscribe.
As per the analysis by our lead analyst Mr. Dilip Davda, we suggest you to subscribe to the Spicy Entertainment IPO.
The Spicy Entertainment IPO allotment status will be available on or around [.]. The allotted shares will be credited in demat account by [.]. Visit Spicy Entertainment IPO allotment status to check.
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