Brigade Enterprises Limited IPO Subscribed 13.07 times

The Initial Public Offering of Brigade Enterprises Limited has received subscription of 13.07 times till 10:30 PM on 12-December-2007. The IPO opened for subscription by investors on December 10, 2007 and closed for subscription today - December 13, 2007.

The IPO has received total bids for 217257872 equity shares against the offer of 16624720 equity shares. The issue has received bids for 26304512 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 18.2861 times with bids for 181303536 equity shares against the offer of 9914832 equity shares.

The Non Institutional Investors portion of the issue has received bids for 8074192 shares against the offer of 1652472 equity shares resulting in a susbcription of 4.8861 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 5.5945 times with bids for 27734480 equity shares against the offer of 4957416 shares. The Employee Reservation has received bids for 145664 shares against the offer of 100000 shares resulting in a subscription of 1.4566 times.

Source : Equity Bulls

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