Shriram EPC IPO subscribed 2.14 times

The IPO of SHRIRAM EPC LIMITED has received subscription of 2.14 times till 4:00 PM on January 29, 2008.

The IPO opened for subscription on January 29, 2008 and closes on February 1, 2008.

The company has come with IPO of 5000000 Equity Shares of Rs 10 each for cash at a price band of Rs 290 to Rs 330 through 100% Book Building process.

The IPO has received total bids for 10724620 equity shares against the offer of 5000000 equity shares. The IPO has received bids for 4640 equity shares at cut-off price.

Source : Equity Bulls

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