Incorporated in 1994, Bharatiya Global Infomedia Ltd (BGIL) is a technology based company, is in the business of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio. BGIL focusing on the sectors such as Information Technology security and compliance automation software solutions and technology related to media & entertainment industry with focus on research & development.
- Issue Open: Jul 11, 2011 - Jul 14, 2011
- Issue Type: 100% Book Built Issue IPO
- Issue Size: 6,720,000 Equity Shares of Rs. 10
- Issue Size: Rs. 50.40 - 55.10 Crore
- Face Value: Rs. 10 Per Equity Share
- Issue Price: Rs. 75 - Rs. 82 Per Equity Share
- Market Lot: 75 Shares
- Minimum Order Quantity: 75 Shares
- Listing At: BSE, NSE
- CARE has assigned an IPO Grade 2 to Bharatiya Global Infomedia IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
- SMC Research is of the view that investors with high risk appetite can apply for the initial public offering of Bhartiya Global Infomedia. The company is set to enter the capital markets with and IPO to raise between Rs 193-202 crore by issuing shares in the price band of Rs 75-82 per share of Rs 10 each."The IT hardware as well as software industry is highly competitive and is heavily influenced by large players. Moreover, the company does not have a very long track record of operations.The financials of the company do not justify the valuations of the company either. Only investors with a very high risk appetite may consider the issue," it added.
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