Bookbuilding IPO | ₹369 Cr | Listed at BSE, NSE | Wed, Jan 25, 2006 - Tue, Jan 31, 2006
Jagran Prakashan IPO is a book build issue of ₹369.44 crores. The issue is entirely a fresh issue of 1.15 crore shares of ₹369.44 crore.
Jagran Prakashan IPO bidding started from Jan 25, 2006 and ended on Jan 31, 2006. The shares got listed on the NSE and the BSE on Feb 22, 2006.
Jagran Prakashan IPO is set final issue price at ₹320 per share.
BOFA Securities India Ltd. is the book running lead manager and The registrar of the issue (Not declared yet).
Refer to Jagran Prakashan IPO RHP for detailed Information.
IPO Open
Wed, Jan 25, 2006
IPO Close
Tue, Jan 31, 2006
Issue Price
₹320 per share
Market Cap (Pre-IPO)
₹1,654.43 Cr
| IPO Date | 25 to 31 Jan, 2006 |
| Listed on | Wed, Feb 22, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹270 to ₹324 |
| Issue Price | ₹320 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,15,44,873 shares (agg. up to ₹369 Cr) |
| Fresh Issue | 1,15,44,873 shares (agg. up to ₹369 Cr) |
| Share Holding Pre Issue | 4,01,56,077 shares |
| Share Holding Post Issue | 5,17,00,950 shares |
| BSE Script Code / NSE Symbol | 532705 / JAGRAN |
| ISIN | INE199G01019 |
Jagran Prakashan IPO comprises a total issue size of 1,15,44,873 shares. Out of which, 69,26,924 (60.00%) are allocated to QIB, 11,54,487 (10.00%) allocated to NII 34,63,462 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB Shares Offered | 69,26,924 | 60.00% |
| NII (HNI) Shares Offered | 11,54,487 | 10.00% |
| Retail Shares Offered | 34,63,462 | 30.00% |
| Total Shares Offered | 1,15,44,873 | 100.00% |
Jagran Prakashan publish Dainik Jagran, India’s most widely read and highest-circulated daily newspaper (Source: IRS 2005 Round 2 and ABC January–June 2005 data). As per IRS 2005 Round 2, the newspaper has an estimated readership of around 19.2 million readers per day—believed to be the highest for any publication in IRS history.
Originally launched in 1942 under the name “Jagran,” the publication has since expanded significantly. It is currently brought out in 28 editions across 10 states. Of these, 25 editions are published directly by the company, while two editions are published by an associated company and one by an independent firm.
In addition to the newspaper, the company publishes several other titles, including Sakhi, a monthly magazine for women, Jagran Varshiki, an annual general knowledge digest, and a range of national and state-level statistical publications.
The company's printing operations span 25 facilities, with a combined installed capacity of approximately 1.28 million copies per hour. Distribution is managed through a well-established, multi-tiered network of agents and vendors.
Competitive Strengths:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 391.50 | 275.87 | 232.85 | 186.12 |
| Total Income | 228.26 | 377.47 | 312.78 | 256.28 |
| Profit After Tax | 11.98 | 1.53 | 15.36 | 18.01 |
| Reserves and Surplus | 178.06 | 58.44 | 68.07 | 52.90 |
| Total Borrowing | 148.35 | 158.76 | 124.72 | 95.86 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure to enhance print and publishing capabilities | 76.42 |
| 2 | Capital expenditure to consolidate our infrastructure including print facility, editorial, marketing and administrative departments in and around New Delhi | 17.36 |
| 3 | Capital expenditure on plant and machinery for launching a second brand | 43.39 |
| 4 | Acquisitions and investments | 80.00 |
| 5 | Expansion of outdoor advertising business | 40.00 |
| 6 | Augmentation of working capital | 40.00 |
| 7 | General corporate purposes | 0.48 |
| 8 | Issue related expenses | 23.60 |
| Total | 321.25 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 14.95 | 2.23 |
| Price to Book Value | 2.08 | 4.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.38 | 4.63 |
| P/E (x) | 841.52 | 69.06 |
| Promoter Holding | 65.12% | 50.5% |
| Market Cap | ₹1,654.43 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Underwriting and Selling Commission | 11.08 |
| 2 | Advertising and Marketing expenses | 6.30 |
| 3 | Printing and Stationery | 2.94 |
| 4 | Others (Registrar’s fees, legal fees etc.) | 3.29 |
| Total | 23.60 |
| Price Details |
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Lead Manager Reports
Jagran Prakashan IPO is a main-board IPO of 1,15,44,873 equity shares of the face value of ₹10 aggregating up to ₹369 Crores. The issue is priced at ₹320 per share. The minimum order quantity is .
The IPO opens on Wed, Jan 25, 2006, and closes on Tue, Jan 31, 2006.
is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Jagran Prakashan IPO using UPI as a payment gateway. Zerodha customers can apply in Jagran Prakashan IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jagran Prakashan IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jagran Prakashan IPO opens on Wed, Jan 25, 2006 and closes on Tue, Jan 31, 2006.
Jagran Prakashan IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Jagran Prakashan 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 Jagran Prakashan IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Jagran Prakashan IPO allotment status.
The Jagran Prakashan IPO listing date is on Wed, Feb 22, 2006.
