Austral Coke & Projects IPO receives 1.13 times subscription

The Initial Public Offering (IPO) of Austral Coke & Projects Ltd which opened for subscription by investors today - August 07, 2008 has received encouraging response with full subscription on the first day. The IPO has received subscription of 1.13 times till 5:00 PM on 7-Aug-2008.

The issue has received bids for 8177272 equity shares against the offer of 7260000 equity shares. The issue has received bids for 243814 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.8941 times with bids for 6875480 equity shares against the offer of 3630000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 1028670 equity shares against the offer of 1089000 equity shares resulting in a subscription of 0.9446 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.1075 times with bids for 273122 equity shares against the offer of 2541000 equity shares.

The IPO closes for subscription on Aug 13, 2008.

Source : Equity Bulls

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