Thursday, December 10, 2009

DB Corp IPO - Analysis, Recommendation and Review

DB Corp, owners of India's second largest regional newspaper Dainak Bhaskar has come out with an IPO of around 385 crore. The issue will also see Warburg Pincus selling part stake of 7% in the company. The issue opens on December 11 and is priced between Rs. 185 - Rs. 212 per share.

DB Corp will use the IPO proceeds to fund its expansion plans, and pre-pay nearly Rs 110 crore in debt. It is also betting on breaking even in its new editions and radio business.

We would recommend this IPO for investors!

Watch out this blog for more details on subscription, allotment and listing!

Watch out more IPOs here!

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