Mudra Lifestyle Ltd IPO oversubscribed

The IPO of Mudra Lifestyle Ltd which is open for subscription till February 14, 2007 has received subscription for 1.13 times of the issue, resulting in an oversubscription of 0.13 times till 2045 hrs on 09 February 2007. The company's IPO opened for subscription on February 8, 2007.

The company is coming out with an issue of 95,80,000 Equity Shares of Rs.10 each at a price band of Rs.75 to Rs.90 through 100% book building process.

Out of the issue, 4550500 equity shares have been reserved for Qualified Institutional Buyers (QIBs), 1365150 shares for Non Institutional Investors, 3185350 shares for Retail Individual Investors (RIIs) and 479000 for employees of the company.

SBI Capital Markets Ltd is the Book Running Lead Manager for the issue. BIGSHARE SERVICES PVT LTD is the Registrar to the Issue.

The company's website is Mudra Lifestyle Ltd

Click on the link for company's IPO prospectus Mudra Lifestyle Ltd Prospectus

Source : Equity Bulls

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