IL&FS Transportation Networks IPO receives subscritpion of 33.42 times

The Initial Public Offering (IPO) of IL&FS Transportation Networks Limited which closed for subscription on March 15, 2010 has received bids for 33.42 times.

The company had come out with an IPO of equity shares of Rs 10 each for cash at a price band of Rs.242 to Rs.258 through 100% book building process. The IPO opened for subscription on March 11, 2010 and closed for subscription on March 15, 2010.

The issue has received total bids for 792670275 equity shares against the offer of 23719009 equity shares resulting in a subscription of 33.42 times. The IPO has received bids for 35803425 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue received bids for 639117875 equity shares against the offer of 12148761 equity shares resulting in a subscription of 52.6077 times.

The Non Institutional Investors portion fo the issue has received subscription of 39.3943 times with bids for 113950575 equity shares against the offer of 2892562 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 39601825 equity shares against the offer of 8677686 equity shares resulting in a subscription of 4.5636 times.

Source : Equity Bulls

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