Sea TV get SEBI nod for Rs 50 cr IPO; likely to open on Sep 27

NEW DELHI: Cable services provider Sea TV Network on Monday said it has got the approval from the market regulator SEBI for its Rs 50 crore IPO, which is likely to hit the capital market on September 27.

The company has received Securities and Exchange Board of India nod for its proposed IPO of Rs 50.2 crore, Agra-based firm said in a statement.

Though the firm did not divulge details about the time schedule, merchant banking sources told PTI that the IPO would begin on September 27 and will close on September 29.

The company provides services to various local cable TV operators of Agra city.

Chartered Capital and Investment is the sole book running lead manager to the issue.

Shares offered through the IPO are proposed to be listed at the Bombay Stock Exchange.