Dainik Bhaskar IPO Allotment , DB Corp IPO Allotment , DB Corp IPO Allotment Price, IPO price Buzzing Stock, DB Corp fixes IPO price, DB Corp Stock CUES, stock advice, DB Corp stock news, stock Updates, Fixed shre price, Dainik Bhaskar IPO Allotment
Dainik Bhaskar "DB Corp"
fixes IPO price, IPO Allotment
fixes IPO price, IPO Allotment
Dainik Bhaskar publisher, DB Corp has fixed the issue price of Rs 212 per share for its IPO of 1.81 crore shares. This IPO has received overwhelming response from investors and was seen highest subscription among the IPOs of 2009.
The issue was subscribed 39.54 times, on the back of support from qualified institutional investors (QIBs). QIBs' reserved portion was subscribed 68.5 times followed by non-institutional investors with their portion being subscribed 26.17 times. Retail investors' portion was subscribed just 3.42 times. Enam Securities, one of the book running lead managers, garnered 50% of QIB book.
The price band for the issue was at Rs 185-212 per share and the issue was opened during December 11-15, 2009. The issue constituted about 10% of the fully diluted post-issue capital of the company. About 7% of the issue was a fresh offering, while the remaining 3% constituted an offer for sale by Cliffrose Investment Ltd, an affiliate of private equity firm Warburg Pincus.
The issue was subscribed 39.54 times, on the back of support from qualified institutional investors (QIBs). QIBs' reserved portion was subscribed 68.5 times followed by non-institutional investors with their portion being subscribed 26.17 times. Retail investors' portion was subscribed just 3.42 times. Enam Securities, one of the book running lead managers, garnered 50% of QIB book.
The price band for the issue was at Rs 185-212 per share and the issue was opened during December 11-15, 2009. The issue constituted about 10% of the fully diluted post-issue capital of the company. About 7% of the issue was a fresh offering, while the remaining 3% constituted an offer for sale by Cliffrose Investment Ltd, an affiliate of private equity firm Warburg Pincus.
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