New Delhi Television Ltd is looking at option of starting new channels and fee-based services to tap business opportunities in the news broadcasting sector.
The company, which is visiting capital market with initial public offering for Rs 109 crore (Rs 1.09 billion), would consider a range of options including new channels to grow operations, NDTV Chairman Prannoy Roy told reporters at the first roadshow for the IPO in Mumbai on Tuesday.
NDTV produces some entertainment programmes but the major focus would continue to be news broadcasting, he said.
Asked about plans for joining payment channel alliance, Roy said: "We expect a big growth in subscription services and will explore prospects for initiative in this segment."
Currently the entire revenues of media entity, running 24X7 and NDTV India channels, were from advertising, he added. The news broadcasting was highly competitive field and the media entity work to maintain position among the top three players in the field, Roy added.
The IPO comprises fresh issue and offer for sale by the private equity investors of shares of Rs 4 each in the price band of Rs 63-70.
The IPO would use 100 per cent book-building route for better price discovery. The issue would open on April 21 to and close on April 28.
The proceeds from the issue would be used for working capital requirements, repayment of loans. JM Morgan Stanley, Kotak Mahindra Capital and ICICI Securities Ltd are lead book runners for the issue.


