Resurgere Mines & Minerals IPO receives 1.16 times subscription

The Initial Public Offering (IPO) of Resurgere Mines & Minerals India Ltd which opened for subscription on August 11, 2008 has received subscription of 1.16 times till 5:30 PM on 13-Aug-2008.

The issue has received bids for 5140420 equity shares against the offer of 4450000 equity shares. The issue has received bids for 409580 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.3401 times with bids for 3377120 equity shares against the offer of 2520000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 1013400 equity shares against the offer of 420000 equity shares resulting in a subscription of 2.4129 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.3967 times with bids for 499800 equity shares against the offer of 1260000 equity shares.

The Employee Reservation portion of the issue has received bids for 250100 equity shares against the offer of 250000 equity shares resulting in a subscription of 1.0004 times.

The IPO closed for subscription on Aug 13, 2008.

Source : Equity Bulls

Keywords