Transformers and Rectifiers India Limited IPO subscribed 91.31 times

The Initial Public Offering of Transformers and Rectifiers (India) Limited has evoked average response from investors with the issue receiving subscription of 91.31 times till 10:30 PM on 12-December-2007.

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

The IPO has received total bids for 273474285 equity shares against the offer of 2995000 equity shares. The issue has received bids for 47501280 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 110.5296 times with bids for 188674050 equity shares against the offer of 1707000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 34622610 shares against the offer of 284500 equity shares resulting in a susbcription of 121.6963 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 58.6145 times with bids for 50027460 equity shares against the offer of 853500 shares. The Employee Reservation has received bids for 150165 shares against the offer of 150000 shares resulting in a subscription of 1.0011 times.

Source : Equity Bulls

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