DB Corp's IPO subscribes over 3 times in retail seg

After a string of four initial public offerings (IPOs), which got a lukewarm response from the retail category, DB Corp's IPO has been subscribed over three times in the retail segment. CNBC-TV18's Mrinalini Krishna reports.

 

Below is a verbatim transcript of her comments on CNBC-TV18. Also watch the accompanying video.

 

The retail segment for the DB Corp IPO has seen a subscription of about 3.01 times, after a string of four IPO's which have not really seen a response from the retail investors to put in their money in these IPO's. This is a definite relief for DB Corp.

 

The retail book is still not closed. It is open till 7 pm. So fresh inflows are expected and this subscription could go up. As far as the total issue is concerned, it is been subscribed 39.4 times. The qualified institutional placement (QIP) segment is subscribed 68.5 times. The high networth individual (HNI) segment has been subscribed 26 times.

 

The company is looking to raise about Rs 336-385 crore via this issue at a price range of about Rs 185 per share on the lower end to about Rs 212 per share on the upper end. So, clearly DB Corp is making news and retail investors are definitely looking at this company for investments.