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DB Corp price band Rs 185-212

10 Dec 09 | DNA Money

Leading media house DB Corp Ltd, the publishers of Hindi daily Dainik Bhaskar, Gujarati daily Diya Bhaskar, Hindi business daily Business Bhaskar and MyFM radio services, has set a price band of Rs 185-212 per share for it's initial public offering of 1.81 crore equity shares.

The issue opens on Friday, December 11, and closes on Tuesday, December 15. It offers a discount of Rs 2 per share to retail investors. Based on the price band, DB Corp would be raising around Rs 336-385 crore.

Speaking at media conference to announce details of the issue, Ramesh Chandra Agarwal, Chairman of DB Corp, said, "The way we have won the trust of the investors and the market."

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