SUN TV IPO evokes tremendous response from institutions

The Initial Public Offering (IPO) of SUN TV has evoked tremendous response from institutions and high networth investors. SUN TV came out with an IPO of 68,89,000 Shares of Rs.10 each at a price band of Rs.730 to Rs.875. The issue opened on April 3, 2006 and closed on April 7, 2006.

The IPO has got subscription for whopping 47.05 times. The Qualified Institutional Buyers (QIBs) portion of the issue evoked highest response with subscription for 70.9139 times followed by Non Institutional Investors portion receiving subscription of 36.0841 times and Retail Individual Investors (RIIs) portion received a meagre 2.9693 times of subscription.

Source : Equity Bulls

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