Dhanus Technologies Limited IPO receives 28.47 times subscription

The Initial Public Offering (IPO) of Dhanus Technologies Limited which closed for subscription on September 12, 2007 has received overwhelming response with subscription of 28.47 times. The IPO opened for subscription on September 10, 2007.

The company came out with an IPO of 3835000 Equity Shares of Rs.10 each at a price band of Rs.280/- to Rs.295/- through 100% Book Building process.

The IPO received bids for 109173640 equity shares against the offer of 3835000 shares. The issue received bids for 3835000 equity shares at Cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion received bids for 78893280 equity shares against the offer of 2181000 equity shares resulting in a subscription of 36.1730 times.

The Non Institutional Investors portion received subscription of 26.7306 times with bids for 9716580 shares against the offer of 363500 shares. The Retail Individual Investors (RIIs) portion received bids for 20357500 shares against the offer of 1090500 shares resulting in a subscription of 18.6680 times.

The Employee Reservation portion received subscription of 1.0314 times with bids for 206280 shares against the offer of 200000 shares.

Source : Equity Bulls

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