Manaksia Ltd Public Issue subscribed 8.98 times

The Public Issue of Manaksia Ltd has received average response with the issue receiving subscription of 8.98 times till 6:00 PM on December 19, 2007.

The Public Issue has received total bids of 139203480 equity shares against the offer of 15500000 equity shares. The issue has received bids for 25853480 shares at cut-off price.

The Issue opened for subscription by investors on December 17, 2007 and closed for subscription today - December 19, 2007.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received subscription of 13.6961 times with bids for 105459720 equity shares against the offer of 7700000 shares.

The Non Institutional Investors portion has received bids for 6300480 equity shares against the offer of 2310000 shares resulting in a subscription of 2.7275 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 5.0906 times with bids for 27438360 equity shares against the offer of 5390000 shares. The Employee Reservation has received bids for 4920 shares against the offer of 100000 shares resulting in a subscription of 0.0492 times.

The interesting part to this IPO is that the employees have withdrawn their bids for the shares applied during the IPO period on the last day.

Source : Equity Bulls

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