13 October 2005
CyberMedia, (India) Limited, the 22 year old renowned specialty media house, is entering the capital market with a Public Issue of 2,822,500 Equity Shares of Rs.10/- each for cash at a premium of Rs.50/- per Share aggregating Rs. 169.35 million. The issue opens on 4th May and closes on 9th May 2005.
CyberMedia has a track record of steady growth. For the year ended March 31st 04, the consolidated turnover was Rs.58.1 Crores, EBITDA 7.7 crores, and PAT 3.7 Crores. For the first 9 Months ending Dec 31st, 2004, the turnover was 50.6 Crores, EBITDA 7.0 crores, and PAT 3.2 Crores. The EPS for 2003-04 is 5.38 and for 2004-05 is 5.96 (annualized).
Cyber Media has a de-risked business model with a balance in the print and non-print business as well as a balance between media products and media services. Cyber Media publications (which include Dataquest, PCQuest and BioSpectrum) enjoy market leadership position and reach out to 1.2 million readers and an online community of 0.7 million.
The IPO funds would be deployed across multiple initiatives. In line with its vision "to expand globally in the knowledge domain through quality media products and services" Cyber Media has planned four new projects where the IPO funds would be deployed - three of them i.e. BPO Magazine, BioSpectrum Singapore and BusinessWeek India , as part of its media business line, while the fourth - Content BPO , in its media services business.
Global Outsourcing, the BPO magazine:
The global BPO business, which is currently estimated at US$ 773 Billion, is expected to increase to US$ 1 Trillion by 2006. The Indian ITES - BPO industry is estimated to grow substantially at a CAGR of 40% to 50% over the next decade. As there is no publication servicing this area, CyberMedia proposes to address this space to foster the growth of this industry and would initially focus on the Indo-US axis with readership in both countries. "Global Outsourcing", will reach out worldwide to buyers of BPO services and would address outsourcing issues from a global perspective.
BioSpectrum Singapore:
CyberMedia also plans to take BioSpectrum, India's largest Biotechnology publication, global, with its launch in Singapore. Singapore is likely to emerge as a global hub for biomedical sciences and the Singapore government has committed over US$ 1.7 Billion in investments over the next five years. CyberMedia plans to address the growing opportunity through the launch of the publication BioSpectrum Singapore.
Business Week India:
Business Week is the largest business magazine published in the world and has licensed Cyber Media for publishing Business Week India (permission from Ministry of I&B awaited). The content of this magazine will be focused on money, technology and people, and will provide relevant blend of global and Indian content. It will be the only international business magazine to give readers a global perspective for India.
Content BPO:
The Media Services arm of CyberMedia, focused on the content BPO business in the US and European markets, is planning an upscale of its operations. The worldwide BPO market is slated to touch the Trillion Dollar mark by 2006. The Indian BPO sector revenue, which was $3.6 billion for 2003-04, is expected to grow by 40% in 2004-05. The content BPO work is a significant portion of this business estimated at around $500 million. CyberMedia's media services arm has planned geographical diversification in the rapidly growing markets.
The equity shares of the company are proposed to be listed on NSE and BSE. Khandwala Securities Ltd. are the sole Lead Managers to the Issue.
About CyberMedia:
CyberMedia was promoted in 1982 by Mr. Pradeep Gupta, who has a B.Tech from IIT (Delhi) and a PGDBM from IIM, Kolkata. CyberMedia is a renowned specialty media house, with nine publications in the infotech, telecom, consumer electronics and biotech areas; and an end-to-end media value chain including the internet, events and television. The Company has five subsidiaries, one joint venture and two associate companies. These companies as a group are engaged in media services, which include market research, content outsourcing, multimedia, gaming and media education.
The group's media business includes the print titles Dataquest, PCQuest, Voice&Data, BioSpectrum, Living Digital, DQ Channels, DQ Week (Chennai, Delhi and Mumbai). Cyber India on-line ( www.ciol.com ) is India's largest technology website, and includes online editions of all Cyber Media titles. Cyber Media events, the region's largest organizer of IT events, conducts over 100 events every year, including Bangalore IT.com, Nasscom exhibition, IT Kerala, Hi-Tech Pune, etc. Cyber Media TV develops knowledge-oriented general interest programmes on mass channels. CyberMedia Dice Careers Ltd., a joint venture, has established a technical job board for recruitment online.
Media services include IDC India , the leading IT and telecom research company in the region and amongst global leaders in technology research; CyberMedia Services (content and publishing BPO services); CyberMedia Research, which focuses on the media and entertainment sectors; CyberMedia Digital, the multimedia and gaming development and distribution company; and the School of Convergence, for content creators and media managers.
Cyber Media has tie-ups with McGraw Hill , the publishers of the world's largest business magazine, BusinessWeek, to publish an Indian edition of BusinessWeek; IDC , one of the world's largest IT market research companies for its operations in India; Kaleidoscope Entertainment , producer of acclaimed films like Bandit Queen, Saathiya, etc. for media education i.e. the School of Convergence; Dice Careers Inc ., the world's largest tech job board for the establishment of a tech job board in India, through a new joint venture company Cyber Media Dice Careers Limited and SRI Consulting Business Intelligence , a company which owns the VALS brand that has propriety methodologies and technologies to segment and understand consumer behavior based on psychographics factors.
The Company has a strong industry position in publications, research, events, multimedia, TV, education and BPO publishing. It has developed strong relationships with both Indian and multinationals, in the IT industry and has the ability to leverage these relationships to address various clients' needs including advertising, event participation and recruitment. It has become a one stop content and service entity for the entire Indian IT, telecom, biotechnology and consumer electronics industries.
The Company is professionally managed with an extensive management structure and enjoys very low employee turnover.
For more information, contact:
Mahua Basu,
Cyber House, B-35, Sector 32 Institutional
Gurgaon, Haryana -- 122002, India
Tel: 124-5031234 (prefix 95 from Delhi). Extn: 409; Cell No: 9811268042
Email: mahuab@cybermedia.co.in
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