Cox and Kings India IPO subscribed 1.39 times

The Initial Public Offering (IPO) of Cox and Kings (India) Limited which opened for subscription on November 18, 2009 has received subscription of 1.39 times. The IPO closes for subscription today - Friday - November 20, 2009.

The company has come out with IPO of 184,96,640 equity shares [including Anchor investor portion of 27,44,480 equity shares] of Rs 10 each for cash at a price band of Rs 316 to Rs 330 through 100% book building process.

The IPO has received bids for 21914220 equity shares against the offer of 15752160 equity shares. The issue has received bids for 1001940 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.6039 times with bids for 10270960 equity shares against the offer of 6403840 equity shares.

The Non Institutional Investors portion of the issue has received bids for 10564160 equity shares against the offer of 2744496 equity shares resulting in a subscription of 3.8492 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.1669 times with bids for 1068800 equity shares against the offer of 6403824 equity shares.

The Employee Reservation portion of the issue has received bids for 10300 equity shares against the offer of 200000 equity shares resulting in a subscription of 0.0515 times.

Source : Equity Bulls

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