Top Story


Home >> Media – Print >> Article

Bhaskar Group gears up to launch IPO

Font Size   16
Bhaskar Group gears up to launch IPO

Bhaskar Group, the publisher of Hindi daily Dainik Bhaskar and Gujarati daily Divya Bhaskar, has taken the first concrete steps in their plans to tap the market with an IPO. The Group has come out with a prospectus for the IPO, which indicates an issue size of 18,800,000 equity shares all cash for Rs 10 each. The issue will constitute 10.02 per cent of the fully-diluted post issue paid-up capital of the company.

Book running lead managers for the IPO are Enam Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd and Kotak Mahindra Capital Company Ltd. Karvy Computershare is the Registrar for the issue.

The IPO Committee, which is responsible for handling matters related to the proposed IPO, includes Sudhir Agarwal as Chairman Executive Director, Girish Agarwal and Niten Malhan as Non-Executive Directors, Ashwani Singhal as Independent Director, Pradyumna Kumar Mishra as CFO, and Ashok Sodhani GM-Finance.

Also mentioned in the prospectus are the names of Ajay Piramal, Chairman, Piramal Enterprises; Piyush Pandey, Executive Chairman, O&M; and Harish Bijoor, CEO, Harish Bijoor Consults, as Independent Directors on Board.

Bhaskar Group’s flagship Hindi newspaper, Dainik Bhaskar, and Gujarati daily Divya Bhaskar have a presence in nine states with 37 editions and have a total of 26.7 million readers. Dainik Bhaskar, with an average issue readership of 12.8 million, is the second most-read newspaper in India, the first being Dainik Jagran, which has a readership of 16.5 million, according to the Indian Readership Survey 2007 R-2.


Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.