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.
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.