Sadbhav Engineering Ltd subscribed 31.14 times

Sadbhav Engineering Ltd IPO has got subscribed for 31.14 times till 9:45 PM on Wednesday as per the data available on NSE website. The issue has got subscribed for 34.7144 times under Qualified Institutional Bidders (QIBs) quota, 42.9780 times under Non-Institutional investors quota and the retail investors portion has got subscribed for 23.9595 times. The employees quota has got subscribed for 1.8774 times.

The company came out with an IPO of 29,00,000 equity shares at a price band of Rs.165 to Rs.185. The issue opened on February 03, 2006 and closed on February 08, 2006.

Source : Equity Bulls

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