D.B. Corp IPO subscribed 2.02 times

The Initial Public Offering (IPO) of D.B. Corp Ltd has received subscription of 2.02 times till 5:30 PM on December 11, 2009.

The company has come out with IPO of 18,175,000 equity shares [including Anchor investor portion of 32,71,500 equity shares] of Rs 10 each for cash at a price band of Rs.185 to Rs. 212 through 100% Book Building process.

The IPO has received bids for 30042630 equity shares against the offer of 14903500 equity shares. The IPO has received bids for 84540 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 28996470 equity shares against the offer of 7633500 equity shares resulting in a subscription of 3.7986 times.

The Non Institutional Investors portion of the issue has received subscription of 0.5220 times with bids for 948780 equity shares against the offer of 1817500 equtiy shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 97380 equity shares against the offer of 5452500 equity shares resulting in a subscription of 0.0179 times.

The IPo closes for subscription on December 15, 2009.

Source : Equity Bulls

Keywords