D B Corp IPO : Plans to raise Rs 2.71 billion

by khalid on 21/08/2009 · 0 comments

D B Corp

D B Corp 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. they also operates 17 FM radio stations.

Their flagship newspapers, 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. Their other newspapers are Business Bhaskar, DB Gold and DB Star and, on a franchisee basis, DNA (in Gujarat and Rajasthan). In addition to newspapers, they 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.

Issue Details
>>The company proposes to sell over 24.78 million shares through the IPO.
>>The company plans to raise at least INR2.71 billion.
>>The prospectus was filed with SEBI on Aug. 14, 2009.
>>The company intends to use the proceeds of the share sale to set up new publishing units, upgrade existing machinery, reduce loans and improve its brand image.
>>Enam Securities Pvt. Ltd., Citigroup Global Markets India Pvt. Ltd. and Kotak Mahindra Capital Co. Ltd. are the book runners and the lead managers to the issue

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