Onesource Techmedia Limited is planning to raise R2.8 Cr through IPO on BSE SME platform. The company is issuing 20,000,00 shares for R14 per share aggregating to R2.8 Cr forming 30.8% of the post issue paid up equity share capital of the company.

The funds will be used for business expansion.

Guiness Corporate Advisors Private Limited is the lead manager to the issue.

Incorporated in 2008, Onesource Techmedia is engaged in the business of distribution and trading of media contents in the form of audio and video cassettes, compact disks etc.

The company have royalty agreements with various media houses so that the company can market the contents of Hindi devotional, Bengali devotional, Bengali folk songs, Rajasthani Devotional, Rajasthani Folk, Bhojpuri Bhajan, Bhojpuri film, Animation movie – Jai Vigneswara, Tamil TV serials in India and abroad. The company is also engaged in event management for corporate and small events.

According to CII – PwC report, Indian Entertainment and Media (E&M) market is the 14th largest in the world and its revenue contributes about 1% of GDP.

The Indian E&M industry, with revenues of about R80,500 Cr ($17.2 Bn) in 2011, is set to grow robustly over the next few years on the back of steady macro-economic growth, rising spending power and positive demographic indicators. Industry revenues are expected to reach $37.6 Bn by 2016, with a CAGR of about 17% from 2012 to 2016.

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