Tirupati Inks FPO subscribed 8.77 times

Tirupati Inks had come out with a Public Issue of equity shares of Rs. 10/- each aggregating to Rs. 5150.00 lakhs including promoter's contribution of equity shares aggregating to Rs. 1151.00 lakhs.

The FPO received subscription of 8.77 times. The FPO opened for subscription on September 14, 2010 and closed on September 17, 2010. The issue received bids for 85561500 equity shares against the offer of 9753658 equity shares. The issue received bids for 40980450 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 8661000 equity shares against the offer of 4876829 equity shares resulting in a subscription of 1.78 times.

The Non Institutional Investors portion of the issue has received subscription of 23.18 times with bids for 33918000 equity shares against the offer of 1463049 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 42982500 equity shares against the offer of 3413780 equity shares resulting in a subscription of 12.59 times.

Source : Equity Bulls

Keywords