Cantabil Retail India IPO subscribed 2.35 times

The Initial Public Offering (IPO) of Cantabil Retail India has received subscription of 2.35 times. The IPO opened for subscription on September 22, 2010 and closed for subscription on September 27, 2010.

The IPO received total bids for 19424600 equity shares against the offer of 8267716 equity shares. The issue received bids for 6344950 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the IPO received subscription of 1.71 times with bids for 7071500 equity shares against the offer of 4133858 equity shares.

The Non Institutional Investors portion of the issue received bids for 4747700 equity shares against the offer of 1240157 equity shares resulting in a subscription of 3.83 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 2.63 times with bids for 7605400 equity shares against the offer of 2893701 equity shares.

Source : Equity Bulls

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