SJVN IPO receives subscription of 0.86 times

The Initial Public Offering (IPO) of SJVN Limited which opened for subscription on April 29, 2010 will be closing on Monday - May 3, 2010.

The IPO has received subscription of 0.86 times with total bids for 358196250 equity shares against the offer of 415000000 equity shares. The issue has received bids for 12264000 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.3395 times with bids for 330831000 equity shares against the offer of 246990000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 8280500 equity shares against the offer of 41165000 equity shares resulting in a subscription of 0.2012 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.1529 times with bids for 18877500 equity shares against the offer of 123495000 equity shares.

The Employee Reservation has received bids for 207250 equity shares against the offer of 3350000 equity shares resulting in a subscription of 0.0619 times.

Source : Equity Bulls

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