1942 Investors following D B Corp. Share this News with them.
0
Like this story, share it with millions of investors on M3
What experts say about DB Corp listing?
DB Corp, publisher of Dainik Bhaskar, will list its equity shares on January 6, 2010. It has fixed the issue price at Rs 212 per share for its IPO of 1.81 crore shares.
The issue had received overwhelming response from investors and saw highest subscription among the IPOs of 2009. It was subscribed 39.54 times on the back of support from qualified institutional investors (QIBs). The price band for the issue was at Rs 185-212 per share and the issue was opened during December 11-15, 2009.
The company intends to use the proceeds of the issue for expanding and strengthening its existing markets, launching publications in new markets and upgrading its existing machinery in some centres, apart from repayment of its term loans.
DB Corp publishes 7 newspapers, 48 newspaper editions and 128 sub-editions in three languages (Hindi, Gujarati and English) across 11 states. It is one of the leading print media companies of India, with an impressive footprint, circulation and readership. Its strengths lies in strong established brands in Indian Print media businesses, geographical reach and leadership in markets.
