20 Microns Ltd IPO subscribed 0.21 times

The Initial Public Offering (IPO) of 20 Microns Ltd which opened for subscription by investors on September 08, 2008 has received subscription of 0.21 times on the first day. The IPO has received subscription of 0.21 times till 5:00 PM on 8-Sep-2008.

The issue has received bids for 900300 equity shares against the offer of 4350632 equity shares. The issue has received bids for 90400 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.3080 times with bids for 636400 equity shares against the offer of 2066550 equity shares.

The Non Institutional Investors portion of the issue has received bids for 100000 equity shares against the offer of 619965 equity shares resulting in a subscription of 0.1613 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.1133 times with bids for 163900 equity shares against the offer of 1446585 equity shares.

The Employee Reservation portion has received no subscription agains the offer of 217532 equity shares.

The IPO closes for subscription on Sep 11, 2008.

Source : Equity Bulls

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