Kaushalya Infrastructure Development Corporation Limited IPO subscribed 1.16 times

The Initial Public Offering (IPO) of Kaushalya Infrastructure Development Corporation Limited has received 1.16 times subscription till 5:30 PM on November 21, 2007.

The issue opened for subscription on November 20, 2007 and closes for subscription on November 23, 2007.

The issue has received total bids for 9896800 equity shares against the offer of 8500000 equity shares. The issue has received bids for 776500 equity shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received bids for 1000000 shares against the offer of 4012500 shares resulting in a subscription of 0.2492 times.

The Non Institutional Investors portion of the issue has received subscription of 6.6736 times with bids for 8033300 shares against the offer of 1203750 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 863500 shares against the offer of 2808750 shares resulting in a subscription of 0.3074 times. The Employee Reservation portion of the issue has received no bids against the offer of 475000 shares.

Source : Equity Bulls

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