GSPL Public Issue oversubscribed by 48 times

The Public Issue of Gujarat State Petronet has got oversubscribed by nearly 48 times. As per the data available on NSE website on Sunday morning the issue has got total subscription of 48.75 times.

The retail portion of the issue is subscribed for 21.9017 times, QIBs portion 56.9012 times and Non-Institutional Investors portion has got subscribed for whopping 84.2250 times.

The company is in a niche industry in itself. The tremendous response evoked by the company from investors is a testimony for companies promoted by the Gujarat government.

Source : Equity Bulls

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