Hindustan Media Ventures' (HMV) initial public offer (IPO) received good response on the bourses. The Rs. 270 issue managed to attract good review by the investors on the last day of its subscription/

The IPO was subscribed 5.23 times showed the data collected by NSE. The value of the highest bid was Rs. 162-166 per share while the company had provided a price band of Rs. 162-175 for every share.

It was subscribed one per cent during the last days and was not taken well at that time.

HT media is the publisher of the newspaper- Hindustan Times and HMV is a subsidiary of that. It had taken in 13 Anchor Investors (AI) for the issue on July 2 when it was opened for subscription.

It was supposed to allocate 27, 77,120 equity shares to the anchor investors which is going to be priced at Rs. 166 per equity share.

HT Media owns 98.85 per cent stake in HMV. It is considered to be one of the leading print media companies in India and has a good and strong readership.

The newspaper is printed at 16 different locations and the main hubs are in UP, Bihar, Jharkhand, Uttarakhand, Punjab and Delhi.