Talwalkars Better Value Fitness IPO subscribed 0.90 times

The Initial Public Offering (IPO) of Talwalkars Better Value Fitness Limited which opened for susbcription by investors on Wednesday - April 21, 2010 has received subscription of 0.90 times.

The company has come out with IPO of 6,050,000 equity shares of Rs 10 each for cash at a price band of Rs.123/- to Rs. 128/- through 100% book building process.

The issue has received total bids for 5458750 equity shares against the offer of 6050000 equity shares. The IPO has received bids for 715050 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.5234 times with bids for 4608200 equity shares against the offer of 3025000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 13300 equity shares against the offer of 907500 equity shares resulting in a subscription of 0.0147 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.3954 times with bids for 837250 equity shares against the offer of 2117500 equity shares.

The IPO closes for subscription on Friday - April 23, 2010.

Source : Equity Bulls

Keywords