Kiri Dyes and Chemicals IPO subscribed 0.46 times

The Initial Public Offering (IPO) of Kiri Dyes and Chemicals Ltd which opened for subscription on Mar 25, 2008 has received subscription of 0.46 times till 5:00 PM on Mar 26, 2008.

The IPO has received total bids for 1714950 equity shares against the offer of 3750000 shares. The issue received bids for 46845 shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the received subscription of 0.7111 times with bids for 1333305 shares against the offer of 1875000 shares.

The Non Institutional Investors portion of the issue received bids for 333000 equity shares against the offer of 562500 shares resulting in a subscription of 0.5920 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.0371 times with bids for 48645 equity shares against the offer of 1312500 shares.

The IPO closes for subscription on April 2, 2008.

Source : Equity Bulls

Keywords