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Open
15 Jan 2007
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Close
18 Jan 2007
3
Allotment
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Listing
Thu, Feb 8, 2007
Price Band
₹230 to ₹250
Issue Size
42,00,000 shares (agg. up to ₹105 Cr)
Lot Size
25 Shares
Listing Date
Thu, Feb 8, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 49.75x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sun TV Ltd. | Mainboard | ₹602.79 Cr | ₹875 | null | ₹1,464.65 | +67.39% | ₹498.80 (-0.44%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue expenses | 7.97 |
| 2 | Further investment for expansion into Hindi news genre by investment in BK Fincap Private Limited | 45.85 |
| 3 | Repayment of a loan of the company | 25.00 |
| 4 | General Corporate Purposes | 26.18 |
About Global Broadcast News IPO
Global Broadcast News Limited (GBN) operates one of India’s leading 24-hour English language news and current affairs channel, ‘CNN-IBN’. CNN-IBN was launched in December, 2005 and has consistently been ranked as India’s No. 2 English language news channel.Global Broadcast News Limited has also share subscription cum shareholders agreement with the Gupta family, BK Fincap Private Limited and others and has acquired significant equity shareholding in BK Fincap Private Limited which is the holding company of Jagran TV Private Limited, which owns Channel 7, a 24-hour Hindi language news and current affairs channel.GBN is also part of the TV 18 group, which owns and operates some of India’s leading business channels and internet portals such as CNBC-TV18, Awaaz, South Asia World, www.moneycontrol.com and www.commoditiescontrol.com, etc.+ Read More
Contact Details
Global Broadcast News Ltd. AddressB-2, Kailash ApartmentsLala Lajpat Rai MargNew Delhi, New Delhi, 110048+91 120 4341 818ipo@tv18online.comVisit Website