CyberMedia IPO to open on May 4, 2005

Cyber Media (India) Ltd, which publishes a slew of technology-related magazines, is entering the capital market with a public issue of 28,22,500 equity shares of Rs 10 each for cash at a premium of Rs 50 per share, aggregating Rs 16.93
crore. The issue opens on May 4, 2005 and closes on May 8, 2005.

The company said that 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', CyberMedia has planned four new projects where the IPO funds would be deployed in three of
them-BPO magazine, BioSpectrum Singapore and BusinessWeek India, as part of its media business line, while the fourth, content
BPO, in its media services business.

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.

CYBERMEDIA NEWS 

NEW DELHI