Ashoka Buildcon IPO subscribed 15.94 times

The Initial Public Offering (IPO) of Ashoka Buildcon Limited which opened for subscription by investors on Friday - September 24, 2010 has received subscription of 15.94 times. The IPO closed for subscription on September 28, 2010.

The issue has received total bids for 99155637 equity shares against the offer of 6218940 equity shares. The issue received bids for 6609834 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the IPO received subscription of 25.52 times with bids for 80792565 equity shares against the offer of 3165909 equity shares.

The Non Institutional Investors portion of the issue received bids for 10483284 equity shares against the offer of 753788 equity shares resulting in a subscription of 13.91 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 3.46 times with bids for 7834008 equity shares against the offer of 2261364 equity shares.

The Employee Reservation portion has received bids for 45780 shares against the offer of 37879 shares resulting in a subscription of 1.21 times.

Source : Equity Bulls

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