Raj TV IPO issue price fixed at Rs 257

Chennai, Mar 6 (UNI) Raj Television Network Limited, a regional broadcaster and media company, has fixed the issue price at Rs 257 (upper end of the band) per equity share for its Initial Public Offering (IPO).

The company had announced sale of 35,68,250 equity shares of face value of Rs 10 each for cash at a premium to be decided through a 100 per cent book building process.

The issue closed for subscription on February 23 and was oversubscribed by 3.04 times, a company release said adding the eqity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

UNI