Maytas Infra Limited IPO closes tomorrow, receives 5.73 times subscription

The Initial Public Offering (IPO) of Maytas Infra Limited closes for subscription tomorrow - October 4, 2007. The IPO opened for subscription on September 27, 2007.

The company has come out with an IPO of 88,50,000 Equity Shares of Rs.10 each for cash at a price band of Rs. 320/- to Rs. 370/- through 100% book-building issue.

JM Financial Consultants Pvt Ltd and DSP Merrill Lynch Ltd are the Book Running Lead Manager to the issue. Kotak Mahindra Capital Company Pvt Ltd is the Co-Book Running Lead Manager.

The company''s shares are proposed to be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Karvy Computershare Pvt Ltd is the Registrar to the issue.

Click Here to View Maytas Infra Limited Website.

Click Here to view Maytas Infra Limited Prospectus.

The issue has received total bids for 50693328 equity shares with subscription of 5.73 times as on Wednesday - October 3, 2007. The issue has received bids for 886482 equity shares at Cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue received bids for 49650156 equity shares against the offer of 5310000 shares resulting in a subscription of 9.3503 times.

The Non Institutional Investors portion of the issue received subscription of 0.0771 times with bids for 68238 shares against the offer of 885000 shares.

The Retail Individual Investors (RIIs) portion of the issue received bids for 974934 shares against the offer of 2655000 shares resulting in a subscription of 0.3672 times.

Source : Equity Bulls

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