Smaaash Entertainment, Sachin Tendulkar’s stake, can knock the IPO market soon. The company can file a draft paper for the market regulator Sebi soon.
According to this report, the company led by Shripal Morakhia has appointed several investment bankers. Morakhia also established the brokerage firm, Sharekhan. Morkhia is also behind the financial services and brokerage firm SSKI. Later, they sold this firm to Citigroup and IDFC Bank.
Upcoming IPO 2018 in India – IPO of Smaaash Entertainment Pvt. Ltd is planning to come in Indian stock market in end of December 2018.
After this he laid the foundation of the media business. Then it sold to the Future Group and Bertelsmann. According to the sources the company with 32 entertainment centers are looking at its expanses and are looking for partners to spread legs abroad soon.
The company has a center in Minneapolis of the United States and now wants to leave its mark in Saudi Arabia and Thailand soon. For the sports like Cricket, Go Karting Bowling and Bowling, the company running the Ditil Center wants to cross its number of centrally in the next two years.
In May, American based I Am Capital signed the $ 49 million (Rs 337 crore) deal with the company. Thet will get 24.5 percent stake in this company. The company needs to repay the loan with the expansion and the amount for operating capital requirements.
In April, a group of rich wealthy investors had invested $ 6 million (about 40 million) in Smaaash. In this, former Vice Chairman of Cognizant Laxmi Narayan, Balakrishna Industries Vijayalakshmi Poddar and founder of founder Ravi Modi are included.
In addition, in December, the company got equity financing of Rs 90 crore from Nikhil Vora, CEO of Sixth Sense Ventures. Sources said on condition of anonymity, “Many veterans are investing in Venture Capital and it is more in the entertainment industry.”
This Smaaash Entertainment company has appointed several investment bankers. This company will knock the primary market with an IPO of 500 million rupees by the end of December. The company started its operation in 2012.
Smaaash Entertainment IPO Reviews:
– To Be Updated Soon once get the final SEBI confirmation for this IPO
|Smaaash Entertainment IPO Details|
|Issue Price Band||–|
|Minimum bid (lot size)||–|
|IPO Size||INR 500 Cr|
|Listing At||BSE, NSE|
Smaaash Entertainment IPO Lead Manager(s):
- To Be Updated Soon
Smaaash Entertainment IPO Promoters:
- To Be Updates Soon