QIBs support JSW Energy IPO

The Initial Public Offering (IPO) of JSW Energy Limited which opened for subscription by investors on Monday - December 7, 2009 has received received full subscription at the end of day 1.

The Qualified Institutional Buyers (QIBs) have supported the issue in a big way by subscribing for 282724860 equity shares. The Qualified Institutional Buyers (QIBs) portion has received bids for 282724860 equity shares against the offer of 119631921 equity shares resulting in subscription of 2.3633 times.

The Domestic Financial Institutions (Banks/ Financial Institutions(FIs)/ Insurance Companies) have subscribed the bulk of QIB quota with bids for 269565060 equity shares followed by Mutual Funds with bids for 13159800 equity shares.

The IPO didn't receive any response from Foreign Institutional Investors (FIIs) on day 1.

Source : Equity Bulls

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