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HT Media fixes price band at Rs. 445-530

MUMBAI: HT Media Ltd. is coming out with an initial public offering (IPO) of fresh issue of 46.40 lakh equity shares and an offer for sale by HPC (Mauritius) Ltd. of 23.55 lakh equity shares of Rs. 10 each for cash at a premium to be decided through book-building. The price band for the offer is Rs. 445-530 and the issue opens for subscription on August 4 and closes on August 10. There is also a greenshoe option of up to 6.96 lakh equity shares to be offered by Hindustan Times Ltd., Shobhana Bhartia, Vice Chairperson, HT Media said.

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