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Sunday, December 13, 2009

DB Corp IPO


Details of the Issue :
Issue Opens on:December 11, 2009
Issue Closes on:December 15, 2009
Bid Lot:30 Equity Shares
Price Band:
Rs.185 to Rs.212
(The retail bidders will be entitled to a discount of Rs 2/- on cut-off price)
No. of Shares:18,175,000 Shares
Issue size:Rs.336 – 385 cr

Issue highlights :
  • DB Corp Ltd (DBCL) is a leading Indian print media company, publishing 7 newspapers, 48 newspaper editions and 128 sub-editions in 3 languages (Hindi, Gujarati & English) in 11 states in India.
  • DBCL’s combined average daily readership of Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar is 15.5 mn readers making it the most widely read newspaper groups in India.
  • DBCL is one of the fastest growing major newspaper groups in India.
  • DBCL has presence in radio business under the brand name MY FM through its subsidiary Synergy Media Entertainment Limited ("SMEL"), operating 17 FM channels.
  • DBCL has one of the largest newspaper production and distribution platforms in India with 31 facilities spread across 31 cities with a total installed capacity of around 1.94 mn copies per hour.
  • This Issue has been graded by CARE and has been assigned the “IPO Grade 4/5” indicating above average fundamentals.

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