J Kumar Infraprojects IPO receives 2.17 times subscription

The Initial Public Offering (IPO) of J Kumar Infraprojects Ltd sailed through with volatile secondary markets. The IPO has received susbcription of 2.17 times.

The IPO opened for subscription on January 18, 2008 and closed on January 23, 2008. The company issued shares of Rs 10 each for cash at a price band of Rs 110/- to Rs 120 /-

The IPO received total bids for 14112340 equity shares against the offer of 6500000 shares. The issue received bids for 3221460 equity shares at Cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue received 2.8044 times subscription with bids for 8833990 equity shares against the offer of 3150000 shares.

The Non Institutional Investors portion of the issue received bids for 1322640 equity shares against the offer of 945000 shares resulting in a subscription of 1.3996 times.

The Retail Individual Investors (RIIs) portion has received subscription of 1.6936 times with bids for 3734335 equity shares against the offer of 2205000 shares. The Employee Reservation portion received bids for 221375 shares against the offer of 200000 shares resulting in a subscription of 1.1069 times.

Source : Equity Bulls

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