NDTV's IPO fully subscribed within minutes

By siliconindia staff writer   |   Wednesday, 21 April 2004, 07:00 Hrs   |    3 Comments
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MUMBAI: The initial public offering (IPO) of Indian television broadcaster New Delhi Television Ltd (NDTV) was fully subscribed in the first 13 minutes of its opening, data on the National Stock Exchange's (NSE) Website showed on Wednesday.
NDTV is planning to raise Rs 1.09 billion through a book-built issue, by offering shares in the range of Rs 63-70 each.

The offer received 22 million bids as against the offer of 17.3 million shares, data on NSE showed.

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