DB Corp IPO oversubscribed by 39.3 times; raises Rs 336-385 cr from the market
DB Corp Ltd, the publisher of Hindi daily Dainik Bhaskar, Gujarati daily Divya Bhaskar, Hindi business daily Business Bhaskar and My FM radio services, closed its IPO on December 15, 2009. The group’s IPO was oversubscribed by 39.6 times, and based on the price band, it has raised Rs 336-385 crore from the market.