Titagarh Wagons IPO opens, receives lukewarm response

The Initial Public Offering (IPO) of Titagarh Wagons Limited which opened for subscription on March 24, 2008 has received bids for 4800 sgares till 5:00 PM on 24-March-2008.

The issue has received total bids for 4800 equity shares against the offer of 2383768 equity shares. The issue has received bids for 4380 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received Nil subscription with bids for 0 shares against the offer of 1421261 shares.

The Non Institutional Investors portion has received bids for 0 shares against the offer of 236877 shares resulting in a subscription of 0 times.

The Retail Individual Investors (RIIs) portion has received subscription of 0.0068 times with bids for 4800 equity shares against the offer of 710630 shares.

The Employee Reservation portion has received bids for 0 shares against the offer of 15000 shares resulting in a subscription of 0 times.

Source : Equity Bulls

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