Edelweiss IPO subscribed 6.79 times

The Initial Public Offering (IPO) of Edelweiss Capital Ltd received overwhelming response from investors with the issue receiving 6.79 times subscription till 5 PM on November 16, 2007.

The issue opened for subscription on November 15, 2007 and closes for subscription on November 20, 2007.

The issue has received total bids for 56914328 equity shares against the offer of 8386147 equity shares. The issue has received bids for 634064 equity shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received bids for 48699080 shares against the offer of 4908965 shares resulting in a subscription of 9.9204 times.

The Non Institutional Investors portion of the issue has received subscription of 8.5911 times with bids for 7028896 shares against the offer of 818160 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 686728 shares against the offer of 2454482 shares resulting in a subscription of 0.2798 times. The Employee Reservation portion of the issue received subscription of 2.4427 times with bids for 499624 shares against the offer of 204540 shares.

Source : Equity Bulls

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