DB Corp IPO receives subscription of 39.54 times

The Initial Public Offering (IPO) of DB Corp Limited has received overwhelming response from investors with subscription of 39.54 times. The IPO opened for subscription on December 11, 2009 and closed for subscription today - December 15, 2009.

The IPO has received bids for 589282680 equity shares against the offer of 14903500 equity shares. The IPO has received bids for 14903500 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 68.5217 times with bids for 523060590 equity shares against the offer of 7633500 equity shares.

The Non Institutional Investors portion of the issue has received bids for 47569830 equity shares against the offer of 1817500 equity shares resulting in a subscription of 26.1732 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 3.4209 times with bids for 18652260 equity shares against the offer of 5452500 equity shares.

Source : Equity Bulls

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