SUN TV to enter Capital Market (IPO)

Sun TV, one of the biggest TV Networks in India is open for subscription with an initial public offer of 68,89,000 equity shares of Rs 10 each through 100% book building process.The issue will close on April 7, 2006 and the price band has been fixed between Rs 730 and Rs 875. The company proposed to be listed on the BSE and the NSE.

It is well known that the current IT Minister of India, Dhayanidhi Maran & his Grandpa M Karunanidhi, DMK President & ex-Chief Minister of TamilNadu & their family is having the full control over this TV network.

A quick look at Sun TV IPO:

Company details

• Four Tamil channels including one news channel - Sun TV, KTV, Sun Music, Sun News
• Two Malayalam channels - Surya TV and Kiran
• Three FM channels in Chennai, Coimbatore and Tirunelvelli and Visakapatnam through subsidiaries
• Has extensive programming content; rights to 2650 regional movies
• Won 67 bids in phase II FM bidding; subsidiaries would choose & retain 46 licenses

Issue snapshot

• Issue of 68.89 lakh shares
• Price band of Rs 730-875  (My fixture is at 840)
• Issue closes on April 7, 2006

Objects of the issue

• Launch of new channels: 113.68 crore
• Construction of corporate office: Rs 62.34 crore
• Purchase of new equipments & upgradation: Rs 31.2 crore
• Capitalisation of radio subsidiaries for operating 46 licenses: Rs 355.47 crore

Financial details - Half year ended September 2005

• Net revenues at 150.93 crore versus Rs 135.4 crore
• Operating profit: Rs 86.9 crore
• Net profit: Rs 61.4 crore versus Rs 32.2 crore
• FY05 net revenues at 290.3 crore versus Rs 261.6 crore
• FY05 operating profit at Rs 175.3 crore
• FY05 net profit at Rs 76.7 crore versus Rs 77.7 crore

 Have a look at this small issue(Vaiko & Sun TV), which in no way related to the listing.

Mobile Number Portability (MNP) in INDIA

Just last week ony I have changed my mobile number (ie., I have moved from BSNL to Airtel) I have used BSNL for a long time. Since I don't want to continue with BSNL, I shifted to AIRTEL, so my mobile number have changed from 94433 76694 to 99940 49398. Not to miss few important calls, Im holding the old number for a month. But this issue will be over very soon, since Telephone Regularity Authority of India (TRAI) have come up with the idea of implementing Mobile Number Portability(MNP), moving to any Operator, but retaining the same number. Also, they have ordered that this must be implemented within one year down the line, and from April 1st 2007 eveyone mobile user must be able to port the number.

Actually MNP is already there in countries like US, UK, Australia, Germany, Switzerland, Singapore etc., Mobile Number Portability is a very big advantage to the customers(subscribers) as well as to the operators. I have a uncle in Coimbatore, basically a tech entrepreneur, who is having a mobile number for the past 9 years. Im sure, he wants to change the operator(since that is the worst rated in Tamilnadu Circle), but he don't have the choice of retaining the number. So, he still maintains it. Likewise we can see many people we have this kind of issue. So, if this MNP is implemented, then we can freely move to any operator. Also, TRAI have said, the changing (Porting) of number must not take more than three days.

Technology behind this is maintaining a database of the numbers by the Operators, as available in other countries.

So, operators with good & cheap service & excellent customer support will be benefited more!!

For more details : [Link]

Microsoft Windows Vista in 6 Flavors

The forthcoming Microsoft Windows Vista will have 6 flavors and 2 more without Media Player for European Market, acccording to Microsoft Watch.

* For European Market

Microsoft Windows Live Messenger Beta

Screenshots

Atlast in the form of Windows Live Messenger, we can send offline messages to MSN users. As usual, the UI is great and attractive. And it can only sit on top of Windows XP.