Goenka Diamond & Jewels IPO receives subscription of 0.62 times

The Initial Public Offering (IPO) of Goenka Diamond & Jewels Limited which opened for subscription by investors today - March 23, 2010 has received subscription of 0.62 times till 4:00 PM.

The company has come out with IPO of 1,00,00,000 EQUITY SHARES of Rs 10 each for cash at a price band of Rs 135 to Rs 145 through 100% book building process.

The IPO has received total bids for 6176360 equity shares against the offer of 10000000 equity shares. The issue has received bids for 42400 equity shares at cut-off price.

The IPO closes for subscription on March 26, 2010.

Source : Equity Bulls

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