Gokul Refoils and Solvent IPO receives 0.54 times subscription

The Initial Public Offering (IPO) of Gokul Refoils and Solvent Limited which opened for subscription on May 08, 2008 has received subscription of 0.54 times till 5:00 PM on May 12, 2008. The IPO closes for subscription on May 13, 2008.

The issue has received total bids for 3867395 equity shares against the offer of 7158392 shares. The issue has received bids for 1109080 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 1318940 shares against the offer of 3541696 equity shares resulting in a subscription of 0.3724 times.

The Non Institutional Investors portion of the issue has received subscription of 1.1808 times with bids for 1254645 equity shares against the offer of 1062508 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 1217580 equity shares against the offer of 2479188 shares resulting in a subscription of 0.4911 times.

The Employee Reservation portion has received subscription of 1.0164 times with bids for 76230 equity shares against the offer of 75000 shares.

Source : Equity Bulls

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