Euro Multivision IPO subscribed 0.83 times

The Initial Public Offering (IPO) of Euro Multivision Ltd which opened for subscription on September 22, 2009 has received bids for 0.83 times. The IPO has received bids for 7318260 equity shares against the offer of 8800000 equity shares. The issue has received subscription for 757260 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.6351 times with bids for 2731050 equity shares against the offer of 4300000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 3367260 equity shares against the offer of 1290000 equity shares resulting in a subscription of 2.6103 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.4052 times with bids for 1219590 equity shares against the offer of 3010000 equity shares.

The Employee Reservation portion has received bids for 360 equity shares against the offer of 200000 equity shares resulting in a subscription of 0.0018 times.

Source : Equity Bulls

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