Allied Digital Services Limited receives overwhelming response, IPO subscribed 60.87 times

The Initial Public Offering (IPO) of Allied Digital Services Limited received overwhelming response from investors with the issue receiving subscription of 60.87 times. The IPO which opened for subscription on July 02, 2007 closed on July 05, 2007.

The company issued 45,22,435 Equity Shares of Rs.10 each at a price band of Rs. 170/- to Rs. 190/-

The issue received total bids for 275292255 equity shares against the offer of 4522435 shares. The issue received bids for 53447590 equity shares at Cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion received subscription of 74.0398 times with bids for 160016150 shares against the offer of 2161217 shares. The Non Institutional Investors portion received bids for 57506015 shares against the offer of 648365 shares resulting in a subscription of 88.6939 times.

The Retail Individual Investors (RIIs) portion received subscription of 38.0776 times with bids for 57605800 shares against the offer of 1512853 shares. The Employee Reservation received subscription of 0.8215 time with bids for 164290 shares against the offer of 200000 shares.

Source : Equity Bulls

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