Lotus Eye Care Hospital IPO subscribed 1.18 times

The Initial Public Offering (IPO) of Lotus Eye Care Hospital Ltd which opened for subscription on June 12, 2008 has received subscription of 1.18 times till 5:00 PM on June 20, 2008.

The company has come out with an IPO of 1,00,00,000 Equity Shares of Rs 10 each for cash at a price band of Rs 38 to Rs 42 through 100% Book Building process.

The issue has received bids for 11800350 equity shares against the offer of 10000000 equity shares. The issue has received bids for 4352100 shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 3162000 equity shares against the offer of 5000000 equity shares resulting in a subscription of 0.6324 times.

The Non Institutional Investors portion has received bids for 3949050 equity shares against the offer of 1500000 equity shares resulting in a subscription of 2.6327 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 1.3398 times with bids for 4689300 shares against the offer of 3500000 equity shares.

The IPO closed for subscription on June 20, 2008.

Source : Equity Bulls

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