Man Infraconstruction IPO receives subscription of 6.87 times

The Initial Public Offering (IPO) of Man Infraconstruction Limited received subscription of 6.87 times as at 5:00 PM on February 19, 2010. The IPO opened for subscription on February 18, 2010.

The IPO received bids for 31966440 equity shares against the offer of 4653150 equity shares. The issue received bids for 545248 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue received subscription of 11.6195 times with bids for 26353052 equity shares against the offer of 2268000 equity shares.

The Non Institutional Investors portion of the issue received bids for 4890710 equity shares against the offer of 540000 equity shares resulting in a subscription of 9.0569 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.4459 times with bids for 722282 equity shares against the offer of 1620000 equity shares.

The Employee Reservation received bids for 396 equity shares against the offer of 225150 equity shares resulting in a subscription of 0.0018 times.

The IPO closes for subscription on February 22, 2010.

Source : Equity Bulls

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