Radio Mirchi (ENIL) issue oversubscribed by over 40 times

The IPO of ENIL - Entertainment Network (India) Ltd closed on January 27, 2006 has got subscribed by 41.11 times. The company came out with an issue of 13,200,000 equity shares (including green shoe option of 1,200,000 shares) of Rs.10 each for cash at a price band of Rs.144 to Rs.162 per share.

The retail portion of the issue has been subscribed for 15.7439 times, QIBs portion got subscribed for 54.2093 times and Non Institutional Investors portion got subscribed for 61.1816 times. Whereas, the employees portion got subscribed only for 0.6614 times.

ENIL is the operator of well know FM radio station Radio Mirchi which is the country´ largest private FM radio broadcaster.

Source : Equity Bulls

Keywords