Austral Coke & Projects IPO subscribed 1.65 times

The Initial Public Offering (IPO) of Austral Coke & Projects Ltd which opened for subscription by investors on August 07, 2008 has received subscription of 1.65 times till 5:30 PM on 13-Aug-2008.

The issue has received bids for 11977384 equity shares against the offer of 7260000 equity shares. The issue has received bids for 1611396 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.6230 times with bids for 2261510 equity shares against the offer of 3630000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 7971198 equity shares against the offer of 1089000 equity shares resulting in a subscription of 7.3197 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.6866 times with bids for 1744676 equity shares against the offer of 2541000 equity shares.

The IPO closed for subscription on Aug 13, 2008.

Source : Equity Bulls

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