Pyramid Saimira IPO

Pyramid Saimira was in news recently when Indiabulls took over its retail stores. Now, the Pyramid Saimira group is expected to come out with an IPO or initial public offer, for listing its films production unit on the stock exchanges.

The company is called Pyramid Saimira Production International Limited.

When will the Pyramid Saimira IPO hit the markets?
The news is that Pyramid Saimira will be filing the draft prospectus in 3 to4 months time with SEBI. The IPO will be open shortly after that.

How much money is expected to be raised by the Pyramid Saimira IPO?
Around 1800 Crore Rs. are planned to be raised through the Pyramid Saimira IPO.

What is the size of Pyramid Saimira IPO?
The Pyramid Saimira IPO will sell around 25% stake through the book building process.

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What are the business plans of Pyramid Saimira Production International Limited?
The company today also announced to invest Rs 2,500 crore across different verticals for expansions in the domestic and overseas markets this year.
The film production unit plans to produce over 50 films this year with a total budget of about Rs 600 crore.
Pyramid Saimira has 11 group companies across different verticals in entertainment and media, like film production, distribution and exhibition, TV serial production, radio stations, advertisement, gaming and animation, food and beverages among others.

Any other offerings from the Pyramid Saimira group?
As of now, only the group holding company Pyramid Saimira Theatre Ltd is the only publicly listed entity on the stock exchanges at present. They are planning to list all the group companies by 2010, provided the market conditions are good.

Let’s see how this IPO performs in the markets once it opens up for subscription.

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