BS Transcomm IPO receives subscription of 1.10 times

The Initial Public Offering (IPO) of BS Transcomm Limited which closed for subscription by investors on October 13, 2010 has received subscription of 1.10 times. The issue has received total bids for 8413500 equity shares against the offer of 7679410 equity shares. The IPO received bids for 2523450 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 1978000 equity shares against the offer of 3839705 equity shares.

The Non Institutional Investors portion of the issue has received subscription of 3.16 times with bids for 3642075 equity shares against the offer of 1151911 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 2793425 equity shares against the offer of 2687794 equity shares resulting in a subscription of 1.04 times.

Source : Equity Bulls

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