IL&FS Transportation Networks IPO subscribed 33.09 times

The Initial Public Offering (IPO) of IL&FS Transportation Networks Limited has received overwhelming response from investors with the issue garnering subscription of 33.09 times till 5:00 PM on March 15, 2010.

The IPO has received total bids for 784848325 equity shares against the offer of 23719009 equity shares resulting in a subscription of 33.09 times. The issue has received bids for 28116475 equity shares at cut-off price.

The Rating Agencies CARE and Fitch Ratings India Private Limited have assigned IPO rating of CARE IPO Grade 4 and 4 (ind) respectively.

The IPO opened for subscription on March 11, 2010 and closes for subscription today - March 15, 2010.

Source : Equity Bulls

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