The initial public offering (IPO) of Den Networks has opened for subscription. The issue is of up to 20,000,000 equity shares of Rs 10 each, which will close on October 30, 2009. The company has fixed price band between Rs 195-205 per share.

Two anchor investors namely Emerging India Focus Funds and Indea Capital Private Limited have subscribed for 18,25,020 and 5,70,000 shares at Rs 205 per share.

Moneycontrol.com conducted a poll to find out if one should subscribe to the issue or not. Experts had mixed views on the issue. Avinash Gorakshakar, Head of Research at Reliance Money and SP Tulsian advised to subscribe to the issue while Manisha Bhatt of Prabhudas Lilladher said avoid the issue.

Avinash Gorakshakar, Head of Research at Reliance Money has recommended investors to subscribe to the issue for medium to long-term and not just for listing gains. "Investors can make good appreciation in this issue over a medium term horizon. Listing gains could also be possible but this depends on the market sentiment and overall response by large QIB investors."

Investment Advisor, SP Tulsian said one could apply to the issue, even at upper band. "The financial health of the company is in place with its networth at Rs 174 crore, as at 30-06-09 and with total debt of just Rs 156 crore. These are largely used to acquire fixed assets of Rs 185 crore and goodwill on consolidation, having created, on acquiring majority stakes in MSOs (Multi System Operators), of Rs 128 crore. It is likely that the financial performance will remain on track, in the coming years, which will be its added advantage, over its peers."

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