TAKE Solutions Limited IPO receives 59.48 times subscription

The Initial Public Offering (IPO) of TAKE Solutions Limited which closed for subscription today - August 7, 2007 has evoked tremendous response from investors with the issue receiving subscription of 59.48 times.

The company came out with IPO of equity shares of Rs.10 each in a price band of Rs.675 to Rs.730 per share. The IPO opened for subscription on August 1, 2007.

The company received bids for 124910739 equity shares against the offer of 2100000 equity shares. The issue received bids for 13570551 shares at Cut-off price.

Out of the issue, the Qualified Institutional Buyers (QIBs) portion of the issue received bids for 75.6249 times with bids for 90749853 equity shares against the offer of 1200000 equity shares.

The Non Institutional Investors portion of the issue received bids for 20019600 equity shares against the offer of 200000 shares resulting in a subscription of 100.0980 times.

The Retail Individual Investors (RIIs) portion received bids for 23.3936 times with bids for 14036184 shares against the offer of 600000 shares. The Employee Reservation portion of the issue received bids for 105102 shares against the offer of 100000 shares resulting in a subscription of 1.0510 times.

Source : Equity Bulls

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