K.P.R. Mill Limited IPO receives 1.19 times subscription

The Initial Public Offering (IPO) of K.P.R. Mill Limited which closed for subscription today - August 7, 2007 has evoked tremendous response from investors with the issue receiving subscription of 1.19 times.

The company came out with IPO of equity shares of Rs.10 each in a price band of Rs.225 to Rs.265 per share. The IPO opened for subscription on August 2, 2007.

The company received bids for 7033175 equity shares against the offer of 5912100 equity shares. The issue received bids for 656775 shares at Cut-off price.

Out of the issue, the Qualified Institutional Buyers (QIBs) portion of the issue received bids for 1.4417 times with bids for 5114050 equity shares against the offer of 3547260 equity shares.

The Non Institutional Investors portion of the issue received bids for 1226875 equity shares against the offer of 591210 shares resulting in a subscription of 2.0752 times.

The Retail Individual Investors (RIIs) portion received bids for 0.3903 times with bids for 692250 shares against the offer of 1773630 shares.

Source : Equity Bulls

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