Page Industries Ltd IPO subscribed 1.44 times

The Initial Public Offering of Page Industries Ltd which closed for subscription on February 27, 2007 has received bids for 1.44 times of the issue. The issue opened for subscription on February 23, 2007 and closed on February 27, 2007.

The company has received total bids for 4041915 equity shares against the total issue size of 2804000 equity shares. The issue has received bids for 727095 equity shares at Cut-off price.

The Qualified Institutional Buyers (QIBs) portion has received the maximum bids for 3171945 equity shares against the offer of 1394500 equity shares resulting in a subscription of 2.2746 times. The Non Institutional Investors portion received subscription for a meagre 0.2140 times with bids for 89520 equity shares against the offer of 418350 equity shares.

The Retail Individual Investors (RIIs) portion of the issue received bids for 772980 equity shares against the offer of 976150 equity shares resulting in a subscription of 0.7919 times. The Employee Reservation portion received bids for 7470 shares against the offer of 15000 resulting in a subscription of 0.4980 times.

Source : Equity Bulls

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