DB Corp in IPO index on Jan 8; share closes at 25% premium
The Bombay Stock Exchange (BSE) has decided to include D B Corp Ltd, which was listed today, in its BSE IPO index from January 8.
By PTI |
MUMBAI: The Bombay Stock Exchange (BSE) has decided to include D B Corp Ltd, which was listed today, in its BSE IPO index from January 8.
The share of the media conglomerate, which publishes leading Hindi daily `Dainik Bhaskar', closed at Rs 265.90, a 25.42 per cent premium over its issue price of Rs 212, on day one.
The D B Corp scrip touched a high of Rs 274.60 and a low of Rs 235.50 on the BSE after opening at Rs 250.
On the NSE, the stock shot up 25.42 per cent to close at Rs 265.90 and generated volumes of over 3 crore shares. It hit a high of Rs 274.70 and a low of Rs 250.55.
In its share sale last month, the company mopped up Rs 385 crore, which it would primarily use to launch publications in new markets and repay debts, DB Corp Director Girish Agarwaal told reporters after the listing ceremony at BSE.
DB Corp plans to utilise Rs 110 crore to repay debt and Rs 20 crore to repay working capital loans. At present, the company has debt of Rs 485 crore.
The share of the media conglomerate, which publishes leading Hindi daily `Dainik Bhaskar', closed at Rs 265.90, a 25.42 per cent premium over its issue price of Rs 212, on day one.
The D B Corp scrip touched a high of Rs 274.60 and a low of Rs 235.50 on the BSE after opening at Rs 250.
On the NSE, the stock shot up 25.42 per cent to close at Rs 265.90 and generated volumes of over 3 crore shares. It hit a high of Rs 274.70 and a low of Rs 250.55.
In its share sale last month, the company mopped up Rs 385 crore, which it would primarily use to launch publications in new markets and repay debts, DB Corp Director Girish Agarwaal told reporters after the listing ceremony at BSE.
DB Corp plans to utilise Rs 110 crore to repay debt and Rs 20 crore to repay working capital loans. At present, the company has debt of Rs 485 crore.
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