Commercial Engineers & Body Builders Company IPO subscribed 2.07 times

The Initial Public Offering (IPO) and Offer for Sale of Commercial Engineers & Body Builders Company Limited which closed for subscription on October 5, 2010 has received subscription of 2.07 times.

The issue has received total bids for 23433630 equity shares against the offer of 11324938 equity shares. The IPO received bids for 1327315 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the IPO received subscription of 3.68 times with bids for 21386970 equity shares against the offer of 5817503 equity shares.

The Non Institutional Investors portion of the issue received bids for 464420 equity shares against the offer of 1376859 equity shares resulting in a subscription of 0.34 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.38 times with bids for 1582240 equity shares against the offer of 4130576 equity shares.

Source : Equity Bulls

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