Top Story

e4m_logo.png

Home >> Media – Print >> Article

Jagran IPO likely to hit the market by March-end next year

05-December-2005
Font Size   16
Share
Jagran IPO likely to hit the market by March-end next year

Jagran Prakashan Pvt Ltd, publisher of Hindi daily ‘Jagran’, is all set to hit the capital market with its IPO by March-end 2006. The group recently filed the red herring prospectus with Sebi for the public issue of shares up to 1.15 crore, including the green shoe option of up to 15 lakh shares, sources close to the deal informed.

DSP Merrill Lynch Ltd and ICICI Securities Ltd have been appointed as lead managers for the public issue.

The public issue will constitute 20 per cent of the fully diluted post-issue equity share capital of the company, assuming that the green-shoe option is not exercised and 22.33 per cent assuming that the option is exercised in full. The total capital to be raised from the initial issue is pegged at around Rs 300 crore.

The Irish media house, Independent Newspaper & Media Plc, holds 26 per cent in Jagran Prakashan Pvt Ltd, which it acquired early this year for Rs 150 crore.

The group is expected to use the funds from the IPO to upgrade printing facilities and finance new business plans in outdoor media advertising, and event management, including mobile advertising targetted towards rural India. In the last one year, ‘Deccan Chronicle’ and ‘Hindustan Times’ have successfully hit the capital market.

Tags

We speak to Punit Misra, CEO, ZEEL, Domestic Broadcast Business, on Zee TV’s new look, its aim and the shaping up of domestic business

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited

With Shikhar Dhawan as their brand ambassador, a partnership with NBA and FIFA and a Rs.10 crore marketing budget, this sporty start-up is moving strength to strength.

In an interaction with exchange4media, Sinha, the Country Head at Epsilon shared insights on the growth of Epsilon, integration of Artificial Intelligence and the future of other conventional mediums of marketing

The new brand philosophy to go live on 15th October 2017 during the telecast of Zee Rishtey Awards

The rateOOHmeter platform is based on field data of the OOH campaign universe with information on more than 400 brands, 1600 cities, over 3,000 campaigns and around 85,000 OOH inventory across formats...

This exercise will take the channel to the next level: Siju Prabhakaran, Cluster Head – South Business, Zee Entertainment Enterprises Limited