DB Corp Ltd IPO Listing
D B Corp Ltd IPO will list on Wednesday, January 06, 2010. Issue price of this IPO has been fixed at Rs 212/- per share. D B Corp IPO subscribed 39.54 times(3.4209 times in retail). D B Corp Ltd is one of the leading print media companies in India, publishing 7 newspapers, 48 newspaper editions and 128 sub-editions in three languages (Hindi, Gujarati and English) in 11 states in India. Company’s flagship newspapers are Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar have a combined average daily readership of 15.5 million readers making them one of the most widely read newspaper groups in India.
Dainik Bhaskar, with a total average daily readership of 11.7 million readers is a widely read newspaper in Madhya Pradesh, Chattisgarh, Rajasthan, Haryana, Punjab and Chandigarh. Divya Bhaskar is the number one Gujarati daily newspaper in terms of circulation in Gujarat. Comapny’s other newspapers are Business Bhaskar, DB Gold, DB Star and on a franchisee basis DNA (in Gujarat and Rajasthan).
In addition to newspapers D B Corp publish 5 periodicals namely Aha Zindagi, a monthly magazine published in Hindi and Gujarati, Bal Bhaskar, a Hindi magazine for children, Young Bhaskar, a children’s magazine in English and Lakshya, a career magazine in Hindi. D B Corp also have a significant presence in the radio business under the brand name MY FM. They operate 17 FM radio stations.
IPO Listing Detail
Listing as on Date: Wednesday, January 06, 2010
NSE Symbol: DBCORP
BSE Script Code: 533151
To Be Listed In: ‘B’ Group
ISIN: INE950I01011
Issue Price: Rs. 212.00 Per Equity Share
Rs. 10.00 Per Equity Share
