Vishal Retail Limited IPO receives 1.38 times subscription

The Initial Public Offering (IPO) of Vishal Retail Ltd has received subscription of 1.38 times on Day 2. The IPO opened for subscription on Monday - June 11, 2007 has received full subscription on second day of IPO.

The issue has received total bids for 6595925 equity shares against the issue size of 4782609 shares resulting in a subscription of 1.38 times. The issue has received bids for 3274100 equity shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received bids for 2924850 shares against the offer of 2689565 shares resulting in a subscription of 1.0875 times. The Non Institutional Investors portion of the issue has received subscription of 0.3906 times with bids for 175100 shares against the offer of 448261 shares. The Retail Individual Investors (RIIs) portion of the issue has received bids for 3495975 shares against the offer of 1344783 shares resulting in a subscription of 2.5997 times. The Employee Reservation of the issue has not received any bids yet against the offer of 300000 shares.

Source : Equity Bulls

Keywords