Mundra Port IPO receives 115.84 times subscription

The Initial Public Offering (IPO) of Mundra Port and Special Economic Zone Limited has received tremendous response from investors with the issue receiving 115.84 times subscription. The Issue closed for subscription on November 7, 2007.

The company has received bids for 4662443670 equity shares against the offer of 40250000 shares. The issue has received bids for 187752795 shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received subscription of 159.5971 times with bids for 3839905170 shares against the offer of 24060000 shares.

The Non Institutional Investors portion has received bids for 627371400 shares against the offer of 4010000 shares.

The Retail Individual Investors (RIIs) portion has received subscription of 16.1941 times with bids for 194814525 shares against the offer of 12030000 shares. The Employee Reservation portion has received bids for 352575 shares against the offer of 150000 shares resulting in a subscription of 2.3505 times.

Source : Equity Bulls

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