Claris Lifesciences IPO receives subscription of 0.42 times

The Initial Public Offering (IPO) of Claris Lifesciences Limited has received subscription of 0.42 times. The company has revised its price band and extended the closing date after the issue failed to evoke full subscription.

The issue has received total bids for 4544760 equity shares against the offer of 10789474 equity shares. The issue has received bids for 3229644 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.11 times with bids for 622710 equity shares against the offer of 5736484 equity shares.

The Non Institutional Investors portion of the issue has received bids for 76956 equity shares against the offer of 1263247 equity shares resulting in a subscription of 0.06 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 1.01 times with bids for 3845094 equity shares against the offer of 3789743 equity shares.

The IPO closes for subscription on December 2, 2010.

Source : Equity Bulls

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