Everonn Systems India Limited IPO receives 131.47 times subscription

The Initial Public Offering (IPO) of Everonn Systems India Limited which closed for subscription today - Wednesday, July 11, 2007 has received thumping response from investors. The issue has received subscription of 131.47 times with bids for 525899250 equity shares against the offer of 4000000 equity shares.

The Issue received bids for 166934600 equity shares at Cut-off price.

Out of the issue, the Qualified Institutional Buyers (QIBs) portion received bids for 185890750 equity shares against the offer of 2000000 equity shares resulting in a subscription of 92.9454 times.

The Non Institutional Investors portion of the issue received subscription of 277.8083 times with bids for 166685000 equity shares against the offer of 600000 shares.

The Retail Individual Investors (RIIs) portion of the issue received bids for 173323500 equity shares against the offer of 1400000 equity shares resulting in a subscription of 123.8025 times.

Source : Equity Bulls

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