Valuation: GBN intends to raise Rs.105 crore from the issue. It would issue 42 lakh - 45.65 lakh shares for the price band of Rs.230 to Rs.250. The company has earned revenue of Rs.5.92 crore for 10 months ending March 2006 and Rs.24.24 crore for 6 months ending September 2006. Net loss has reduced from Rs.46.17 crore to Rs.25.46 crore for the same period respectively. PE and EPS of the company cannot be calculated, as Profits are negative. The company had a negative networth of Rs.5.65 crore in March 2006. However, for September 2006, networth of GBN is Rs.41.66 crore and book value of Rs.18.49 per share.