Cox and Kings India IPO subscribed 6.29 times

The Initial Public Offering (IPO) of Cox and Kings India Limited has received overwhelming response from investors with subscription of 6.29 times. The issue opened for subscription by investors on November 18, 2009 and closes for subscription today - Friday, November 20, 2009.

The company has come out with an issue 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 99128320 equity shares against the offer of 15752160 equity shares resulting in a subscription of 6.29 times. The IPO has received bids for 5728120 equity shares at cut-off price.

Source : Equity Bulls

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