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IPO News
Mandhana Industries IPO receives subscription of 1.61 times
Posted On : 2010-04-28 10:06:19( TIMEZONE : IST )
The Initial Public Offering (IPO) of Mandhana Industries Limited has received subscription of 1.61 times till 6:00 PM on April 28, 2010.
The IPO received total bids for 11478400 equity shares against the offer of 7146150 equity shares. The issue received total bids for 438700 equity shares at cut-off price.
The IPO opened for subscription on April 27, 2010 and closes for subscription on April 29, 2010.
The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 6400850 equity shares against the offer of 2996150 equity shares resulting in a subscription of 2.1364 times.
The Non Institutional Investors portion of the issue has received subscription of 3.6152 times with bids for 4500950 equity shares against the offer of 1245000 equity shares.
The Retail Individual Investors (RIIs) portion of the issue has received bids for 576600 equity shares against the offer of 2905000 equity shares resulting in a subscription of 0.1985 times.