Latest news with #MovingMediaEntertainment
Business Standard
03-07-2025
- Business
- Business Standard
NSE SME Moving Media Entertainment makes a starry market debut
Shares of Moving Media Entertainment was trading at Rs 74.55 on the NSE, a premium of 6.50% compared with the issue price of Rs 70. The scrip was listed at Rs 71, a premium of 1.43% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 74.55 and a low of Rs 71. About 17.54 lakh shares of the company changed hands at the counter. Moving Media Entertainment's IPO was subscribed 50.76 times. The issue opened for bidding on 26 June 2025 and it closed on 30 June 2025. The price band of the IPO was set at Rs 66 to Rs 70 per share. The IPO comprised fresh issue of 62,00,000 equity shares. The company intends to utilize the net proceeds for investment in advanced camera solutions, repayment/pre-payment of certain debt facilities and general corporate purposes. Moving Media Entertainment is a camera and lens equipment outsourcing company, engaged in providing end to end camera and lens equipment on a package rental basis in India. The company caters to the media and entertainment industry across the country. It provides camera, camera lenses, filters, grips, gimbal, monitors, sound equipment and other peripherals like lighting setup on package rental basis mainly to small, medium and large corporate engaged in the entertainment industry. As of 31 March 2025, the company had a total of 147 clients, with an average revenue per client of Rs 25.21 lakh, and employed 16 individuals on its payroll. Ahead of the IPO, Moving Media Entertainment on 25 June 2025, raised Rs 9.87 crore from anchor investors. The board allotted 14.10 lakh shares at Rs 70 each to 7 anchor investors. The company recorded revenue from operations of Rs 37.06 crore and net profit of Rs 10.39 crore for the period ended 31 March 2025.
Time of India
03-07-2025
- Business
- Time of India
Moving Media Entertainment IPO to list today. GMP hovers at 22% over issue price
Moving Media Entertainment is all set to make its debut on the NSE SME platform on July 3 following a Rs 43.40 crore IPO that garnered substantial investor attention. The GMP ahead of listing stands at Rs 16 over the issue price of Rs 70, indicating a potential listing gain of over 22%. The company's IPO, which was open from June 26 to June 30, comprised a pure fresh issue of 62 lakh equity shares. The price was fixed at Rs 70 per share, with a minimum lot size of 2,000 shares. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like El precio de esto kit de alarma que arrasa en Capital Federal te sorprenderá Verisure Alarma Ver oferta Undo Gretex Corporate Services acted as the book-running lead manager for the issue, while Maashitla Securities was the registrar. Founded in 2022, Moving Media Entertainment is engaged in the rental of high-end film and television production equipment such as cameras, lenses, lighting gear, sound systems, and accessories. The company services a wide clientele, including leading production houses like Star India , Celebframe Entertainment, Colosceum Media, and Sunshine Pictures. Live Events Its competitive strength lies in owning its inventory—unlike many peers—offering the latest models from top-tier brands to advertising agencies, filmmakers, OTT platforms, and event companies. The company also provides customized rental solutions and a responsive logistics network across India. The company saw its revenue jump 59% to Rs 37.06 crore in FY25 from Rs 23.38 crore in FY24. Net profit for FY25 came in at Rs 10.4 crore, up marginally from Rs 10.09 crore in the previous year. Proceeds from the IPO will be used for investment in advanced camera solutions, debt repayment, and general corporate purposes. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
03-07-2025
- Business
- Economic Times
Moving Media Entertainment IPO to list today. GMP hovers at 22% over issue price
Moving Media Entertainment is all set to make its debut on the NSE SME platform on July 3 following a Rs 43.40 crore IPO that garnered substantial investor attention. The GMP ahead of listing stands at Rs 16 over the issue price of Rs 70, indicating a potential listing gain of over 22%. ADVERTISEMENT The company's IPO, which was open from June 26 to June 30, comprised a pure fresh issue of 62 lakh equity shares. The price was fixed at Rs 70 per share, with a minimum lot size of 2,000 shares. Gretex Corporate Services acted as the book-running lead manager for the issue, while Maashitla Securities was the registrar. Founded in 2022, Moving Media Entertainment is engaged in the rental of high-end film and television production equipment such as cameras, lenses, lighting gear, sound systems, and accessories. The company services a wide clientele, including leading production houses like Star India, Celebframe Entertainment, Colosceum Media, and Sunshine Pictures. Its competitive strength lies in owning its inventory—unlike many peers—offering the latest models from top-tier brands to advertising agencies, filmmakers, OTT platforms, and event companies. The company also provides customized rental solutions and a responsive logistics network across India. ADVERTISEMENT The company saw its revenue jump 59% to Rs 37.06 crore in FY25 from Rs 23.38 crore in FY24. Net profit for FY25 came in at Rs 10.4 crore, up marginally from Rs 10.09 crore in the previous from the IPO will be used for investment in advanced camera solutions, debt repayment, and general corporate purposes. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
