DB Corp which had come out with its IPO which opened on Friday the 11th of December and closed yesterday Tuesday the 15th of December 2009 received overwhelming support. The issue was subscribed a staggering 39.54 times and this is the highest subscription received by any company since the IPO season began sometime in July August 2009.
| Shares Offered | Shares Subscribed | Times | |
| QIB | 7633500 | 523060590 | 68.5217 |
| NII | 1817500 | 47569830 | 26.1732 |
| Retail | 5452500 | 18652260 | 3.4209 |
| Overall | 14903500 | 589282680 | 39.54 |
This was the last issue for the calendar year 2009 and the share is to list in the first week of January 2010. There would be lot of expectations built up as a result of this huge subscription and faith reposed by all classes of investors.
I believe this should also put pressure on merchant bankers to look at pricing of future IPO’S. The success of DB Corp indicates that if there is reasonable pricing, there is adequate money and support which will be there for good IPO’S
