Deccan Chronicle IPO oversubscribed 5 times

MUMBAI: The public issue of Deccan Chronicle Holdings Limited, publishers of the Deccan Chronicle English broadsheet, closed today. The IPO, comprising 8.01 million shares, was oversubscribed 5.19 times.

According to a company release, retail investors and QIBs (Qualified Institutional Buyers) were the most enthusiastic about the Deccan Chronicle IPO.

According to a company release, retail investors and QIBs were the most enthusiastic about the Deccan Chronicle IPO.

The final share allocation and pricing will be determined through the book-building route, at a price band of between Rs 162 and Rs 194. At this price, the IPO is expected to yield between Rs 1.3 billion and Rs1.55 billion. The final price of the IPO will be announced tomorrow, 3 December.