Dainik Bhaskar IPO likely in 2008

December 14, 2007

Dainik Bhaskar IPO is under proposal and the issue is likely to hit in the month of February 2008, and they will be filing the DRHP with SEBI soon. Market sources have said that the Dainik IPO will raise around Rs 1000 crore and could be the next big media company going for funds raising via IPO route. Sources also quote that, Dainik Bhaskar IPO is close to come and they are preparing to file the DRHP with SEBI in the coming days . Dainik Bhaskar IPO news had made a positive note for the other Media stocks and in the last couple of sessions, stocks like Deccan chronicle and HT Media moved up. It would be interesting to see what would be the issue size and value of the Dainik Bhaskar IPO would be as sources say that the issue dilution would be close to 10 per cent. More updates and news regarding the Dainik Bhaskar IPO and the Dainik Bhaskar IPO date will be updated here.

Posted in IPO-Subscription, Indian IPOs