Bookbuilding IPO | ₹384 Cr | Listed at BSE, NSE | Fri, Dec 11, 2009 - Tue, Dec 15, 2009
D B Corp IPO is a book build issue of ₹384.22 crores. The issue is a combination of fresh issue of 1.27 crore shares aggregating to ₹269.01 crores and offer for sale of 0.55 crore shares aggregating to ₹115.21 crores.
D B Corp IPO bidding started from Dec 11, 2009 and ended on Dec 15, 2009. The shares got listed on BSE, NSE on Jan 6, 2010.
D B Corp IPO price band is set at ₹212 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹6,360 (30 shares) (based on upper price). The lot size investment for sNII is 32 lots (960 shares), amounting to ₹2,03,520, and for bNII, it is 158 lots (4,740 shares), amounting to ₹10,04,880.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to D B Corp IPO RHP for detailed Information.
IPO Open
Fri, Dec 11, 2009
IPO Close
Tue, Dec 15, 2009
Issue Price
₹212 per share
Market Cap (Pre-IPO)
₹3,848.11 Cr
| IPO Date | 11 to 15 Dec, 2009 |
| Listed on | Wed, Jan 6, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹185 to ₹212 |
| Issue Price | ₹212 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 2.00 per share |
| Total Issue Size | 1,81,75,000 shares (agg. up to ₹384 Cr) |
| Fresh Issue | 1,27,25,000 shares (agg. up to ₹269 Cr) |
| Offer for Sale | 54,50,000 shares of ₹10 (agg. up to ₹115 Cr) |
| Share Holding Pre Issue | 16,87,89,605 shares |
| Share Holding Post Issue | 18,15,14,605 shares |
| BSE Script Code / NSE Symbol | 533151 / DBCORP |
| ISIN | INE950I01011 |
D B Corp IPO comprises a total issue size of 1,81,75,000 shares. Out of which, 1,09,05,000 (60.00%) are allocated to QIB, 18,17,500 (10.00%) allocated to NII 54,52,500 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,09,05,000 | 60.00% | NA |
| − Anchor Investor Shares Offered | 32,71,500 | 18.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 76,33,500 | 42.00% | NA |
| NII (HNI) Shares Offered | 18,17,500 | 10.00% | NA |
| Retail Shares Offered | 54,52,500 | 30.00% | 1,81,750 |
| Total Shares Offered | 1,81,75,000 | 100.00% |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹6,360 |
| Retail (Max) | 31 | 930 | ₹1,97,160 |
| S-HNI (Min) | 32 | 960 | ₹2,03,520 |
| S-HNI (Max) | 157 | 4,710 | ₹9,98,520 |
| B-HNI (Min) | 158 | 4,740 | ₹10,04,880 |
Incorporated in 1995, D B Corp Ltd is one of the leading print media companies in India, publishing 7 newspapers, 48 newspaper editions and 128 sub-editions in three languages (Hindi, Gujarati and English) in 11 states in India. Company's flagship newspapers are Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar have a combined average daily readership of 15.5 million readers making them one of the most widely read newspaper groups in India.
Dainik Bhaskar, with a total average daily readership of 11.7 million readers is a widely read newspaper in Madhya Pradesh, Chattisgarh, Rajasthan, Haryana, Punjab and Chandigarh. Divya Bhaskar is the number one Gujarati daily newspaper in terms of circulation in Gujarat. Comapny's other newspapers are Business Bhaskar, DB Gold, DB Star and on a franchisee basis DNA (in Gujarat and Rajasthan).
In addition to newspapers D B Corp publish 5 periodicals namely Aha Zindagi, a monthly magazine published in Hindi and Gujarati, Bal Bhaskar, a Hindi magazine for children, Young Bhaskar, a children’s magazine in English and Lakshya, a career magazine in Hindi. D B Corp also have a significant presence in the radio business under the brand name MY FM. They operate 17 FM radio stations.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up new publishing units | 60.00 |
| 2 | Upgrading of existing plant and machinery | 30.50 |
| 3 | Sales and marketing | 50.10 |
| 4 | Reducing working capital loan | |
| 5 | Pre-paying existing term loans |
| KPI | |
|---|---|
| RoNW | 22.74% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 92.86% | 86.34% |
| Market Cap | ₹3,848.11 Cr. |
The D B Corp IPO is subscribed 39.54 times on December 15, 2009 5:00:00 PM (Day 3). The public issue subscribed 3.42 times in the retail category, 68.52 times in the QIB category, and 26.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 68.52 | 76,33,500 | |
| NII | 26.17 | 18,17,500 | |
| Retail | 3.42 | 54,52,500 | |
| Total | 39.54 | 1,49,03,500 |
CARE has assigned an IPO Grade 4 to D B Corp Ltd IPO. This means as per CARE, company has above average fundamentals. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CARE IPO Grading Document for D B Corp Ltd.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fee, underwriting commissions and SCSBs’ commission | 6.92 |
| 2 | Advertising and marketing expenses | 5.05 |
| 3 | Printing and stationery | 3.00 |
| 4 | Others (Registrar’s fee, IPO Grading Agency fees, legal fees, listing fees etc.) | 5.40 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹212.00 | ₹212.00 |
| Open | ₹250.00 | ₹254.00 |
| Low | ₹235.50 | ₹250.55 |
| High | ₹274.60 | ₹274.70 |
| Last Trade | ₹265.90 | ₹265.90 |
D B Corp IPO is a main-board IPO of 1,81,75,000 equity shares of the face value of ₹10 aggregating up to ₹384 Crores. The issue is priced at ₹212 per share. The minimum order quantity is 30.
The IPO opens on Fri, Dec 11, 2009, and closes on Tue, Dec 15, 2009.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in D B Corp IPO using UPI as a payment gateway. Zerodha customers can apply in D B Corp IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in D B Corp IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The D B Corp IPO opens on Fri, Dec 11, 2009 and closes on Tue, Dec 15, 2009.
D B Corp IPO lot size is 30, and the minimum amount required for application is ₹6,360.
You can apply in D B Corp IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for D B Corp IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the D B Corp IPO allotment status.
The D B Corp IPO listing date is on Wed, Jan 6, 2010.
