Archive · 26 Jun 2025
Moving Media Entertainment IPO Opens, Subscribed 0.39x on Day 1
Moving Media, a company that rents cameras, started its IPO to raise money.
They're selling shares to the public.
The IPO opened on June 26 and closes June 30.
The goal is to get about ₹43.40 crore by selling shares priced between ₹66 and ₹70 each.
On the first day, not everyone signed up to buy shares.
The shares are expected to start trading on July 3.
They will use the money to buy better cameras and pay off some debts.
Moving Media Entertainment's IPO opened on June 26 and closes June 30.
The IPO aims to raise ₹43.40 crore with a price band of ₹66-70 per share.
The IPO was subscribed 0.39 times on its first day.
GMP for Moving Media shares is ₹15, suggesting an estimated listing price of ₹85.
Proceeds will fund advanced camera solutions and debt repayment, with remaining funds for general corporate purposes.
- Who
- Moving Media Entertainment Limited
- What
- Moving Media Entertainment Limited launched its IPO to raise ₹43.40 crore.
- When
- IPO opened June 26, closing June 30; Listing expected July 3.
- Where
- Mumbai, India
- Why
- To raise capital for advanced camera solutions, debt repayment, and general corporate purposes.
- Company
- Moving Media Entertainment Limited
- IPO Open Date
- June 26, 2024
- IPO Close Date
- June 30, 2024
- Price Band
- ₹66-70 per share
- Amount to be Raised
- ₹43.40 crore
- Listing Date
- July 3, 2024 (NSE SME)
- Lead Manager
- Gretex Corporate Services Limited
