Adhunik Metaliks IPO oversubscribed 2.66 times

The IPO of Adhunik Metaliks Ltd which closed on March 17, 2006 has evoked poor response from investors with the issue garnering subscription for 3.66 times resulting in an oversubscription of 2.66 times.

The Qualified Institutional Bidders (QIBs) portion of the issue got subscribed for 5.5296 times, Non-Institutional Investors portion got subscribed for 3.4372 times, Retail Individual Investors portion got subscription for 1.4888 times and Employees portion got subscribed for 0.9115 times.

Source : Equity Bulls

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