Shree Ganesh Jewellery House IPO subscribed 1.61 times

The Initial Public Offering (IPO) of Shree Ganesh Jewellery House Limited has received subscription of 1.61 times till 4:00 PM on March 23, 2010.

The IPO has received total bids for 18896675 equity shares against the offer of 11769856 equity shares resulting in a subscription of 1.61 times. The issue has received bids for 3967750 equity shares at cut-off price.

The company has come out with IPO of 1,42,69,831 Equity Shares (Including anchor portion of 24,99,975 equity shares) of Rs 10 each for cash at a price band of Rs.260 to Rs. 270 through 100% Book Building process.

The IPO opened for subscription on March 19, 2010 and closes for subscription on March 23, 2010.

Source : Equity Bulls

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