Tulsi Extrusions IPO subscribed 2.08 times

The Initial Public Offering of Tulsi Extrusions Limited which opened for subscription on February 1, 2008 has received subscription of 2.08 times till 5:30 PM on 05 Feb 2008.

The company came out with an IPO of 5700000 Equity Shares of Rs.10 each for cash at a price band of Rs 80 to Rs 85 through 100% book building process.

The IPO has received total bids for 11851650 equity shares against the offer of 5700000 shares. The issue has received bids for 4773900 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.5406 times with bids for 4313550 equity shares against the offer of 2800000 equity shares.

The Non Institutional Investors portion has received bids for 2610375 shares against the offer of 840000 equity shares resulting in a subscription of 3.1076 times.

The Retail Individual Investors (RIIs) portion has received subscription of 2.4597 times with bids for 4821000 equity shares against the offer of 1960000 shares. The Employee Reservation has received bids for 106725 shares against the offer of 100000 shares resulting in a subscription of 1.0673 times.

The issue closed for subscription today - February 5, 2008.

Source : Equity Bulls

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