NDTV's public issue, which began from 21 April, was aimed at raising Rs 1090 million by offering shares of Rs 4 face value in a price band of Rs 63-70. The stated aim of the IPO is for working capital requirements and to repay Rs 380 million debt. At least 60 per cent of the issue will be allocated on discretionary basis to qualified institutional buyers (QIBs), not less than 15 per cent to non-institutional buyers and the remaining 25 per cent for retail bidders.