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Concept will be handling advertising across all media, public relations
management and extensive on-ground activities including roadshows
and conferences for the IPOs in India and abroad.
Commenting on this development Concept Communication MD Vivek Suchanti,
said, "We are extremely pleased to get these prestigious accounts,
as it underlines our ability to successfully manage large IPOs.
Book Building issues require intensive promotion during a very small
window period and we have specialised skills for the same. Our deliverables
on the Maruti IPO have been appreciated and these assignments reaffirm
the confidence of our clients."
ONGC public issue is of governments 10 per cent stake. The
142 million equity shares will be offered in lots of 10 with a view
to attract retail investors, for whom 25 per cent of the offer size
has been reserved. ONGC offer for sale is approximately of Rs 105
billion, which makes it the biggest in the Indian capital market
history.
DCI offer will constitute 20 per cent of the fully diluted post-offer
paid up capital of the company. The offer is being made through
the book building process, 50 per cent of the offer shall be offered
on discretionary basis to qualified institutional buyers.
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