GBN IPO oversubscribed 38.33 times
Global Broadcast News, GBN, owners and operators of one of India’s leading 24-hour English language news and current affairs channel – CNN-IBN, has been received tremendous response from investors on the last day of subscription period.
The issue was oversubscribed 38.33 times, till 6 pm on January 18, 2006, as per NSE website.45.65 lakh issue received more than 17.49 crore bids while over 3.79 crore bids received at cut off price.
The company entered capital market with an initial public offering, IPO of equity shares aggregating upto Rs 105 crore. The price band for the issue was at Rs 230 to Rs 250 per share.
The issue was oversubscribed 38.33 times, till 6 pm on January 18, 2006, as per NSE website.45.65 lakh issue received more than 17.49 crore bids while over 3.79 crore bids received at cut off price.
The company entered capital market with an initial public offering, IPO of equity shares aggregating upto Rs 105 crore. The price band for the issue was at Rs 230 to Rs 250 per share.
posted by SY at 7:00 PM
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