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Global Broadcast News Ltd IPO (GBN IPO) Detail

January 15, 2007 - January 18, 2007

GBN IPO is a book built issue of Rs 105.00 crores.

GBN IPO bidding started from January 15, 2007 and ended on January 18, 2007. The shares got listed on BSE, NSE on February 8, 2007.

GBN IPO price band is set at ₹230 to ₹250 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹6,250.

ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the GBN IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to GBN IPO RHP for detailed information.

GBN IPO Details

IPO Date January 15, 2007 to January 18, 2007
Listing Date February 8, 2007
Face Value ₹10 per share
Price Band ₹230 to ₹250 per share
Lot Size 25 Shares
Total Issue Size4,200,000 shares
(aggregating up to ₹105.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

GBN IPO Lot Size

Investors can bid for a minimum of 25 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 25 ₹6,250
Retail (Max) 32 800 ₹200,000
Lot Size Calculator

About Global Broadcast News Ltd

Global Broadcast News Limited (GBN) operates one of India�s leading 24-hour English language news and current affairs channel, �CNN-IBN�. CNN-IBN was launched in December, 2005 and has consistently been ranked as India�s No. 2 English language news channel.

Global Broadcast News Limited has also share subscription cum shareholders agreement with the Gupta family, BK Fincap Private Limited and others and has acquired significant equity shareholding in BK Fincap Private Limited which is the holding company of Jagran TV Private Limited, which owns Channel 7, a 24-hour Hindi language news and current affairs channel.

GBN is also part of the TV 18 group, which owns and operates some of India�s leading business channels and internet portals such as CNBC-TV18, Awaaz, South Asia World, www.moneycontrol.com and www.commoditiescontrol.com, etc.

Objects of the Issue (GBN IPO Objectives)

The Company intends to use the Net Proceeds for the following purposes:
1. Further investment for expansion into Hindi news genre;
2. Repayment of a loan of our company;
3. General corporate purposes; and
4. Avail of the benefits of listing of our Equity Shares on the Stock Exchanges.


GBN IPO Subscription Status (Bidding Detail)

The GBN IPO is subscribed 48.74 times on January 18, 2007 5:00:00 PM. The public issue subscribed 42.76 times in the retail category, 35.26 times in the QIB category, and 170.40 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
The name of the company has changed to 'IBN18 BROADCAST LTD.'

GBN IPO Prospectus

GBN IPO Rating

59
3.7
Rating:Rated 3.7 stars
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GBN IPO Listing Details

Listing Date February 8, 2007
BSE Script Code 532800
NSE Symbol TV18BRDCST
ISIN INE886H01027
Final Issue Price ₹250 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹250.00
₹417.10
₹381.25
₹524.00
₹510.10
NSE
₹250.00
₹425.00
₹425.00
₹518.80
₹505.90

Check IPO Performance…

Global Broadcast News Ltd Contact Details

Global Broadcast News Ltd
B-2, Kailash Apartments,
Lala Lajpat Rai Marg,
New Delhi 110 048, India
Phone: +91 120 4341 818
Email: ipo@tv18online.com
Website: http://www.ibnlive.com/

GBN IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: gbn-ipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html

GBN IPO - Buy or Not

GBN IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 0
Members 0 0 0

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GBN IPO FAQs

GBN IPO is a main-board IPO of 4,200,000 equity shares of the face value of ₹10 aggregating up to ₹105.00 Crores. The issue is priced at ₹230 to ₹250 per share. The minimum order quantity is 25 Shares.

The IPO opens on January 15, 2007, and closes on January 18, 2007.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The GBN IPO opens on January 15, 2007 and closes on January 18, 2007.

GBN IPO lot size is 25 Shares, and the minimum amount required is ₹6,250.

You can apply in GBN IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for GBN IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the GBN IPO allotment status.

The GBN IPO listing date is on February 8, 2007.
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GBN IPO Message Board

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111 Comments

111. yash |   Link |  Bookmark |February 13, 2007 9:26:28 PM
I have not received my refund yet
Pls. any body tell me how much time it will take.
110. Pawan Nathany |   Link |  Bookmark |February 13, 2007 5:37:50 AM
Pls give your GBN price target within March 2007
109. Ankur Jhunjhunwala |   Link |  Bookmark |February 8, 2007 2:43:42 AM
It will easily touch 1000 as FIIs were not allowed to buy till now.. So heavy buying activity is expected tomorrow when it lists..
108. Amit |   Link |  Bookmark |February 7, 2007 9:58:47 PM
what will be listing rate for GBN?
107. palash |   Link |  Bookmark |February 7, 2007 3:57:52 AM
Hi, Sachin
please open bseindia dot com and BSE
Announcements dated 05.02.2007 , notices no 15
106. Sachin |   Link |  Bookmark |February 6, 2007 11:18:56 PM
Thanks Indu ,i had search lot but i didnt get listing date of GBN again thanks Indu.
105. Srini |   Link |  Bookmark |February 6, 2007 11:18:10 PM
Anybody received refund through HDFC ECS???
104. INDU |   Link |  Bookmark |February 6, 2007 10:24:20 PM
It will list on 8th february as per circular
103. Sachin |   Link |  Bookmark |February 6, 2007 9:59:17 PM
Have anybody know what will be the expected listing date of GBN?
102. manish v chhichhiya |   Link |  Bookmark |February 6, 2007 8:59:10 AM
decent openming expected.i havent got any allotment even if i applied for full 400 share.ratio of allotment for 400 share is(37:102).i am going to purchase 1000 share @ 425 from the mkt if lucky.
101. kota |   Link |  Bookmark |February 6, 2007 5:02:17 AM
I received the fund through ECS immediately after the day of allotment.
100. NARAYAN |   Link |  Bookmark |February 6, 2007 4:04:44 AM
CAN ANY ONE CAN TELL ME LISTING OF GBN ?
99. mohammed |   Link |  Bookmark |February 6, 2007 2:03:42 AM
no,till now i haven't recieved my refund cheque
98. Srini |   Link |  Bookmark |February 6, 2007 1:54:52 AM
Mohammed and Vishnu...Did u guys got refund?
97. mohammed |   Link |  Bookmark |February 6, 2007 1:50:34 AM
i applied for 50 and got 25,can anyone please tell me when will it list and at what price
96. vishnu |   Link |  Bookmark |February 6, 2007 1:00:35 AM
I applied for 400 and got "0" there is some problem in the process
95. Srini |   Link |  Bookmark |February 6, 2007 12:34:29 AM
Did anyone has received refund for this IPO? I received refund for Akruthi, but not for GBN, eventhough registrar for both the issue is same.
94. Sachin |   Link |  Bookmark |February 5, 2007 9:01:19 PM
Have anybody know what will be the expected listing date of GBN?
93. Natrajan Mani |   Link |  Bookmark |February 5, 2007 7:26:56 PM
The reason why people did not get enough shares was that, the retail portion of the bid was oversubscribed 43 times. That's why they have done this allotment using the lot system. If you had read the prospectus, it was clearly mentioned. Nobody can help if you dont read the prospectus but simply apply because somebody advices to invest.I had applied for 175 and got 25. My mother also had applied for 175 but got none. Thats how life is. No point in cribbing. Even the current IPOs are going to be like this.
92. K. Lobo |   Link |  Bookmark |February 4, 2007 9:42:21 PM
I applied for 400 (max) and have not got even 25 shares. This is not wierd, there is some hanky panky. No regrets anyway, I am saved from receiving shares in a loss-making Company and will buy it at discount when market corrects.