Vijayeswari Textiles Limited IPO evokes lukewarm response

The IPO of Vijayeswari Textiles Limited which is open for subscription till February 13, 2007 has received lukewarm response with bids coming in for only 8300 equity shares 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 6,923,076 Equity Shares of Rs.10 each at a price band of Rs.115 to Rs.130 through 100% book building process.

Out of the issue, 3,461,538 equity shares have been reserved for Qualified Institutional Buyers (QIBs), 1,038,461 shares for Non Institutional Investors and 2,423,077 shares for Retail Individual Investors (RIIs).

IDBI Capital Market Services Ltd. and IL&FS Investsmart Ltd are the Book Running Lead Managers for the issue. BIGSHARE SERVICES PVT LTD is the Registrar to the Issue.

The company's website is Vijayeswari Textiles Limited

Click on the link for company's IPO prospectus Vijayeswari Textiles Limited Prospectus

Source : Equity Bulls

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