Wednesday, January 25, 2006


Issue Opens: 25 January, 2006
Issue Closes: 31 January, 2006
Issue Size : 10,039,020 (No. of Shares)

Lower Price Band : Rs.270
Upper Price Band : Rs.324

Application Multiple: 20 and in multiples of 20.

Information URL :
Prospectus URL :

ISSUE Description:

1) Dainik Jagran is the number one newspaper in India in terms of readership; the sum total of its readership is equal to the sum total of the readership of all the English newspapers in the country.

2) It is the first publication in India to cross the 20 million reader threshold.

3) Independent News and Media PLC, a company based in Ireland an listed on both the London and Dublin Stock Exchanges, through its wholly owned subsidiary INMIL, holds 26% of the pre-equity shares and is a strategic partner to the company.

4) Currently Dainik Jagran has 25 editions and nearly 200 sub editions.

5) It aims at the following:

A) To launch a second newspaper brand to increase market share

B) To acquire and invest in other newspapers, magazines, journals and other media related businesses in India to expand its business and improve its competitive position.

C) To use existing infrastructure towards growth and expansion thereby reducing investment cost.

D) To increase coloured printing capacity in order to attract further advertisements.

E) To modernize and upgrade it’s existing printing centers, which shall reduce operating costs by increasing productivity.

F) To increase focus on regional and local advertisers, which pay higher average rates than national advertisers.