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IPO News
Bedmutha Industries IPO receives subscription of 7.69 times
Posted On : 2010-10-06 06:53:46( TIMEZONE : IST )
The Initial Public Offering (IPO) of Bedmutha Industries Limited which closed for subscription by investors on October 01, 2010 has received subscription of 7.69 times.
The issue has received total bids for 69215250 equity shares against the offer of 9000000 equity shares. The IPO received bids for 26089700 equity shares at cut-off price.
The Qualified Institutional Buyers (QIBs) portion of the IPO received subscription of 0.67 times with bids for 2995785 equity shares against the offer of 4500000 equity shares.
The Non Institutional Investors portion of the issue received bids for 39412750 equity shares against the offer of 1350000 equity shares resulting in a subscription of 29.19 times.
The Retail Individual Investors (RIIs) portion of the issue received subscription of 8.51 times with bids for 26806715 equity shares against the offer of 3150000 equity shares.