DB Corp Limited, the newspaper and media company from Madhya Pradesh had a dream debut on the bourses yesterday. The company had floated its IPO and issued 1.81 cr shares at a price of Rs 212, the top end of the price band of Rs 185-212. Retail investors were given a discount of Rs 2 per share. The issue was very well received and was oversubscribed with QIB portion oversubscribed 68 times and the overall issue almost 40 times.

The share listed at Rs 250 on the BSE and Rs 254 on the NSE. The highs of the day were Rs 274.60 and Rs 274.70 respectively. The lows were Rs 235.50 and Rs 250.55 respectively. The significant fact about this listing and the trading pattern throughout the day was that the share was fairly steady throughout and unlike most listing day experiences was not as volatile. If one were to look at the trading range it was just about 15 Rs with the share price ranging from Rs 254-269. This is most unusual and clearly indicated the interest that the share has generated. The weighted average price for the day was Rs 264.31 on the BSE and Rs 264.50 on the NSE.

The traded volume on the exchange was 5.21 cr shares which is 2.88 times the size of the IPO. The delivery volume was 52.14 lakh shares which as a percentage of shares traded was 15.07%. If one were to compare the same with the shares issued, then the percentage of shares delivered is just under 29%. The share has held steady throughout the day and with very good volumes, indicating interest in the counter.

Three back to back issues have been completed and they have all been listed as well. The first three days of trading in the calendar year 2010 have seen these issues being listed. Readers would recall that JSW Energy listed on Monday the 4th of January, while Tuesday the 5th of January saw Godrej Properties being listed. Yesterday of course was the turn of DB Corp and without doubt this company has been the star of the three.

Today would be interesting from DB Corp’s perspective whether the buyers of shares yesterday push the stock up further or allow it to cool off. More of how this share fared in the weekend analysis.

With three successful listings and three positive days of trading for the market, it has been so far so good. What next? It is a million dollar question.

On the IPO front two issues open next week with one and IPO and the other a FPO. Details on the same would be available on the website over the weekend.

DB Corp Limited made its debut on the bourses today. The stock listed today on the BSE and this was probably one of the best listings a stock could have had in recent times. The stock opened at Rs 250 on the BSE and Rs 254 on the NSE. The highs were Rs 273.90 and Rs 274 respectively while the lows were Rs 235.50 on the BSE and Rs 250.55 on the NSE.

DB Corp was the third of the back to back issues which had opened for subscription during the 11th of December to 15th of December 2009. The issue price band was Rs 185 to Rs 212 with a discount of Rs 2 for retail investors. The issue was substantially oversubscribed and received bids for almost 40 times its IPO size. This also was a recent record bettering those of Adani Power, NHPC and Indiabulls Power. The QIB portion was subscribed over 68 times.

The listing price with a premium of Rs 38 or roughly 18% and the continued sustaining of the same is indeed heartening. The listing and subsequent performance will instil confidence in the minds of investors for returning to the primary markets. I believe promoters and merchant bankers should ensure that adequate pricing is done to ensure the success of issues in the primary market.

DB Corp in the first hour of trade had seen a combined volume of 1.96 crs which has already crossed the issue size of 1.82 crs. More of this stock at the end of the day.

DB Corp Limited which was the last of the three back to back IPO’s in December will list on Wednesday the 6th of January 2010. The company had issued shares in a price band of Rs 185-212 and the issue was subscribed about 40 times. The price at which shares have been allotted is Rs 212 with a discount of Rs 2 for retail investors.

DB Corp Limited has fixed the price at the upper price band of Rs 212. Earlier the company had its IPO during the period 11th December 2009 to 15th December 2009. The price band was Rs 185 to Rs 212. There was a discount of Rs 2 for retail investors. The issue had received overwhelming support and was oversubscribed 40 times.

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.

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