Top Story

e4m_logo.png

Home >> Media – Print >> Article

DB Corp IPO in second week of December

03-December-2009
Font Size   16
Share
DB Corp IPO in second week of December

DB Corp, the publisher of Dainik Bhaskar, has planned to enter the capital markets with its initial public offer (IPO), which is expected in the second week of December. The offer constitutes 10 per cent of the fully diluted post-issue capital of the company.

When contacted, company officials refused to the valuations for the IPO, however, a section of the media has reported that DB Corp plans to raise around Rs 450 crore through this IPO.

It is also learnt that DB Corp is planning to expand to new markets in the next two years and would focus on Tier II and III cities. Most of the IPO proceeds would be used to set up publishing units in new markets and further expansions.

DB Corp publishes seven newspapers, 48 newspaper editions and 128 sub-editions in three languages (Hindi, Gujarati and English) in 11 states in India.

It may be recalled that in August this year, the company had filed the draft red herring prospectus with the Securities and Exchange Board of India (SEBI).

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016