Ramky Infrastructure IPO subscribed 2.89 times

The Initial Public Offering (IPO) of Ramky Infrastructure Limited which opened for subscription by investors on Tuesday (September 21, 2010) has received total bids for 31621464 equity shares against the offer of 10947294 equity shares.

The IPO received total subscription of 2.89 times. The IPO received bids for 3096856 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the IPO received subscription of 4.52 times with bids for 25839842 equity shares against the offer of 5712727 equity shares.

The Non Institutional Investors portion of the issue received bids for 1893500 equity shares against the offer of 1308641 equity shares resulting in a subscription of 35.88 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.99 times with bids for 3888122 equity shares against the offer of 3925926 equity shares.

Source : Equity Bulls

Keywords