Mundra Port IPO receives 7.46 times subscription

The Initial Public Offering (IPO) of Mundra Port and Special Economic Zone Limited has received encouraging response from investors with the issue receiving 7.46 times subscription till 5 PM on 5-Nov-2007. The Issue closes for subscription on November 7, 2007.

The company has received bids for 300177330 equity shares against the offer of 40250000 shares. The issue has received bids for 10495800 shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received subscription of 10.8377 times with bids for 260754855 shares against the offer of 24060000 shares.

The Non Institutional Investors portion has received bids for 28141800 shares against the offer of 4010000 shares.

The Retail Individual Investors (RIIs) portion has received subscription of 0.9377 times with bids for 11280675 shares against the offer of 12030000 shares. The Employee Reservation has received no bids yet against the offer of 150000 shares.

Source : Equity Bulls

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