DB Corp IPO subscription raise up to 14.60 times

Dainik Bhaskar limited (DB Corp) - is one of the largest newspaper groups in India, its initial public offer (IPO) got subscribed 14.60 times on the final day of the issue, and it is a wonderful response from the investors.

The IPO received bids for over 217.5 million equities i.e. 14.60 times, against 14.9 million shares on offer for the public. It is the latest update from National Stock Exchange.

DB Corp daily circulates over 4 million copies across its various publications, including its flagship newspapers "Dainik Bhaskar' and "Divya Bhaskar'.