City Pulse Multiplex Limited IPO
(i) They carry out the business of setting up, operating and managing a chain of miniplex / multiplexes under the brand name ‘WOW Cine Pulse’. Most of our miniplexes have small seating capacity (approx 100 seats) with contemporary sound quality.
(ii) In 2006, they have produced their first film “Love is Blind”. “Love is Blind” had won an award from Government of Gujarat in most categories of it being nominated for; to elaborate-Best Gujarati film of the year, best playback singer, best story writing/scripting, best direction, and best sound recording.
They have established the first cinema theatre in Mehsana with two screens having a seating capacity of 433 seats in the year 2007. Presently, WOW Cine Pulse operates at 14 locations with 14 screens with a total of 3340 seats.
The operational units are situated at key locations which offer a large catchment area. These operational units are surrounded by malls, food courts and restaurants along with adequate car parking facilities thus making them an attractive destination for patrons.
(iii) The Company is proposing to launch the new Project i.e. “World on Wheel”. World on wheels is the first step of our Company in the field of “Innovation Entertainment”, first of its kind of cinema on wheels with all the miniplex / multiplex amenities within it. Our Company had already purchased the containers required for this project.
(iv) Business Segment of the Company
Objects of the City Pulse Multiplex Limited IPO:
City Pulse Multiplex Limited IPO Details:
| Open Date: | Jun 27 2019 |
| Close Date: | Jul 03 2019 |
| Total Shares: | 1,328,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Issue |
| Issue Size: | 3.98 Cr. |
| Lot Size: | 4000 Shares |
| Issue Price: | ₹ 30 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Jul 11 2019 |
Promoters And Management:
Financials of City Pulse Multiplex Limited IPO:
Comparison With Peers:
Recommendation on City Pulse Multiplex Limited IPO:
Lead Manager of City Pulse Multiplex Limited IPO:
Registrar of City Pulse Multiplex Limited IPO:
Bid Details of City Pulse Multiplex Limited IPO as on
03 Jul 2019 | 11:54:02 PM
| Category | No.of shares offered | No. of shares bid |
|---|---|---|
| 628,000 | 1,676,000 | |
| 628,000 | 2,092,000 | |
| 72,000 | 72,000 | |
| 1,328,000 | 3,840,000 |
| QIBs | No |
| QIBs+HNIs Subscription | 2.67X |
| Retail Subscription | 3.33X |
| Total Subscription | 3.00X |
Discussion on City Pulse Multiplex Limited IPO:
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Total Oustanding shares are IPO= 33.1833 Lakh
Profit for FY18-19= 59 Lakh
EPS= 1.77
P/E= 17.
Can someone from Gujarat shed a light as to how the company’s theatres are and what is the average footfall for the company? How popular these regional cinemas are?
Lower middle class ki public jyada prefer karti he. Rich class jo jyada pay kar sakti he voh to pvr hi prefer karte he zyada.. Avg theatre quality
The company is not generating free cash from the business in the last 3 years. Negative FCF indicates that the company is not able to generate sufficient cash to support its business.
However, negative FCF is not always bad as it could imply that the company is making large investments that could generate good returns in the long run.
The cash flow of the company is shown here
https://d2un9pqbzgw43g.cloudfront.net/main/5555.png
The key revenue drivers to the company are box office revenues and food and beverage revenues.
During the Financial Year 2018-19, nearly 70% of the revenues from the cinemas are generated from
the ticket revenue while the balance from foods & beverage