Ankit Metal & Power Limited IPO closes on June 22, 2007, receives 0.20 times subscription

The Initial Public Offering (IPO) of Ankit Metal & Power Limited which opened for subscription on June 18, 2007 will close on June 22, 2007. The company is offering 95,90,000 Equity Shares (Excluding promoters contribution 23,10,000 Equity Shares) of Rs.10 each at a price band of Rs.30/- to Rs.36/- through 100% Book Building process.

Chartered Capital and Investment Ltd is the Book Running Lead Manager to the issue. Chartered Capital and Investment Ltd is also the Syndicate Member for the IPO. The Registrar to the IPO is Intime Spectrum Registry Ltd.

Out of the issue, Qualified Institutional Buyers (QIBs) portion is being offered 4200000 equity shares. Non Institutional Investors are being offered 1260000 shares, Retail Individual Investors (RIIs) portion is 2940000 shares and Employee Reservation is 1190000 shares.

The issue has received subscription of 0.20 times as on 19-Jun-2007 17:30:00 IST. The issue has received total bids of 1960800 equity shares against the offer of 9590000 shares. The issue has received bids for 8170 shares at cut-off price.

Click Here to view the website of Ankit Metal & Power Limited

Click Here to view the prospectus of Ankit Metal & Power Limited

Source : Equity Bulls

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