Transformers and Rectifiers India Limited IPO subscribed 4.27 times

The Initial Public Offering of Transformers and Rectifiers (India) Limited has evoked average response from investors with the issue receiving subscription of 4.27 times till 5 PM on 11-December-2007.

The IPO opened for subscription by investors on December 7, 2007 and closes for subscription on Wednesday - December 12, 2007.

The IPO has received total bids for 12790185 equity shares against the offer of 2995000 equity shares. The issue has received bids for 2836545 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 5.6511 times with bids for 9646485 equity shares against the offer of 1707000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 21390 shares against the offer of 284500 equity shares resulting in a susbcription of 0.0752 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 3.6295 times with bids for 3097755 equity shares against the offer of 853500 shares. The Employee Reservation has received bids for 24555 shares against the offer of 150000 shares resulting in a subscription of 0.1637 times.

Source : Equity Bulls

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