Deccan Chronicle Holdings Ltd. IPO

#1
IPO of Deccan Chronicle

Newspaper publisher Deccan Chronicle Holdings Ltd. is set to price its initial public offer (IPO) in range of 162 to 194 rupees per share, a banker working on the offer said on Tuesday.

"The issue will be open between Nov. 25 to Dec. 2," said the banker, who declined to be identified.

At the top end of the offer, the IPO would raise 1.79 billion rupees ($40 million), by selling 22.3 percent of its expanded capital, including the basic offer of 8.01 million shares plus a greenshoe option of 1.2 million.

The company would be valued at 8.02 billion rupees at the upper end of the price band.

The Hyderabad-based company publishes an English daily, the Deccan Chronicle, and a Telugu language newspaper, Andhra Bhoomi.
 
#2
Deccan Chronicle IPO by Dec 2nd, 2004

Newspaper publisher Deccan Chronicle Holdings is set to price its initial public offer (IPO) in range of Rs 162 to Rs 194 per share, a banker working on the offer said on Tuesday.

"The issue will be open between November 25 to December 2," said the banker, who declined to be identified.

At the top end of the offer, the IPO would raise Rs 179 crore, by selling 22.3 per cent of its expanded capital, including the basic offer of 8.01 million shares plus a greenshoe option of 1.2 million.

The company would be valued at Rs 802 crore at the upper end of the price band.

The Hyderabad-based company publishes an English daily, The Deccan Chronicle , and a Telugu language newspaper, Andhra Bhoomi .
 
#3
Deccan Chronicle IPO oversubscribed 1.3 times

Deccan Chronicle IPO oversubscribed 1.3 times

The initial public offering of publisher Deccan Chronicle (Holdings) Ltd was oversubscribed 1.3 times within minutes of its opening on Thursday, a banker to the issue said.

The banker told Reuters that the portion set aside for qualified institutional bidders was oversubscribed two times.

Bids for the issue close on December 2. A price band in the range of Rs 162 to Rs 194 had been set for the issue. Initial bids were largely at the lower end, the banker said.
 

Similar threads

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?