Bedmutha Industries IPO subscribed 0.51 times

The Initial Public Offering (IPO) of Bedmutha Industries Limited which opened for subscription by investors on September 28, 2010 has received subscription of 0.51 times.

The issue has received total bids for 4599010 equity shares against the offer of 9000000 equity shares. The IPO received bids for 828750 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the IPO received subscription of Nil with bids for 0 equity shares against the offer of 4500000 equity shares.

The Non Institutional Investors portion of the issue received bids for 3231085 equity shares against the offer of 1350000 equity shares resulting in a subscription of 2.39 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.17 times with bids for 524095 equity shares against the offer of 3150000 equity shares.

The IPO closes for subscription on October 1, 2010.

Source : Equity Bulls

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