Kaushalya Infrastructure Development Corporation Limited IPO subscribed 7.20 times

The Initial Public Offering (IPO) of Kaushalya Infrastructure Development Corporation Limited has received 7.20 times subscription till 5:00 PM on November 23, 2007.

The issue opened for subscription on November 20, 2007 and closed for subscription today - November 23, 2007.

The issue has received total bids for 61197500 equity shares against the offer of 8500000 equity shares. The issue has received bids for 26931000 equity shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received bids for 11406400 shares against the offer of 4012500 shares resulting in a subscription of 2.8427 times.

The Non Institutional Investors portion of the issue has received subscription of 17.2745 times with bids for 20794200 shares against the offer of 1203750 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 28519800 shares against the offer of 2808750 shares resulting in a subscription of 10.1539 times. The Employee Reservation portion of the issue has received subscription of 1.0044 with bids for 477100 shares against the offer of 475000 shares.

Source : Equity Bulls

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