Wednesday, July 7, 2010

HINDUSTAN MEDIA VENTURES IPO OVER SUBSCRIBED

The IPO of Hindustan Media Ventures which closed today, was subscribed by 5.43 times. The company received bids for 73.84lac shares as against 13.82 lacs shares offered in the price band of Rs 162-175.

Edelweiss Capital Limited and Kotak Mahindra Capital Company Limited are the BRLMs.

CRISIL had awarded grade -4 for the IPO.

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