The Hindu Business Line : <I>Dainik Jagran </I>publisher files for IPO with SEBI

JAGRAN Prakashan Ltd, publisher Dainik Jagran, has filed draft red herring prospectus with the Securities and Exchange Board of India for a public issue of up to 1.14 crore shares of Rs 10 each.

The issue consists of a fresh issue of one crore shares and a green-shoe option of up to 15 lakh shares.

The issue price is to be determined through a 100 per cent book-built process.

The public issue will constitute 20 per cent of the fully diluted post-issue equity share capital of the company assuming that the green-shoe option is not exercised and 22.33 per cent assuming that the option is exercised in full.

The company has appointed DSP Merrill Lynch Ltd and ICICI Securities Ltd as the book running lead managers to the public issue. Karvy Computershare Pvt Ltd has been appointed as the Registrar to the issue.

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