Madhya Pradesh Today Media Limited IPO is about to debut on 19 September 2017, with an issue size of 14.17CR. Madhya Pradesh Today Media Limited, established in 2010, is a prominent publishing house that publishes a daily evening Hindi newspaper and delivers news through its online news portal. The company also publishes an event-based magazine. Since its launch, the Hindi newspaper has expanded its reach beyond Madhya Pradesh and is now available in Chhattisgarh, Uttar Pradesh, Delhi, and Maharashtra.
Madhya Pradesh Today Media Limited covers all zones of Madhya Pradesh and distributes its morning newspaper in 52 districts, including Hoshangabad, Vidisha, Dhar, Neemuch, Sagar, Shivpuri, and others. The newspaper is the only one in the state that provides both evening and morning editions.
Industry Overview
Access to information is vital in India, the world’s largest democracy and print media plays a crucial role in this. Despite the growth of audio, visual, and digital media, print media continues to empower citizens to participate in strengthening democracy. The use of information technology has enabled better coverage at an affordable price, resulting in an increase in readership, especially for regional language publications. However, many publishers do not file their Annual Statements with the Registrar of Newspapers for India, although they can be filed online. In 2015-16, there were 110,851 registered publications in India, and the total circulation of publications increased from 51.05 billion copies to 61.02 billion copies per publishing day.
Madhya Pradesh Today IPO Details
| IPO Date | Sep 19, 2017 to Sep 21, 2017 |
| Listing Date | Sep 29, 2017 |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,146,500 shares(aggregating up to ₹14.17 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 10.6 | 15.7 | 15.4 | 15.2 | 19.3 | |
| Total expenses | 9.9 | 14.6 | 14.7 | 14.2 | 15.8 | |
| Profit after tax | 0.5 | 0.7 | 0.4 | 0.7 | 2.3 |
Objects of the Issue
The object of the issue are:
1. Expansion of Business by upgrading Unit Offices in various cities in the State of Madhya Pradesh and Chhatisgarh;
2. Meeting working capital requirements;
3. General Corporate Expenses;
4. Issue Expenses.
Madhya Pradesh Today IPO Prospectus
Company Contact Information
Madhya Pradesh Today Media Ltd
Plot No. 5,
Press Complex, Zone – 1
M.P. Nagar, Bhopal, MP- 462011
Phone: +91 75530 95500
Email: admin@pradeshtoday.org
Website: http://www.pradeshtoday.com
Madhya Pradesh Today IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Madhya Pradesh Today IPO Lead Manager(s)
- Mark Corporate Advisors Private Limited (Past IPO Performance)
