Mundra Port and Special Economic Zone Ltd IPO receives 21.77 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 21.77 times subscription till 6 PM on 6-Nov-2007. The Issue closes for subscription on November 7, 2007.

The company has received bids for 876433440 equity shares against the offer of 40250000 shares. The issue has received bids for 31409835 shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received subscription of 33.2981 times with bids for 801153015 shares against the offer of 24060000 shares.

The Non Institutional Investors portion has received bids for 42065235 shares against the offer of 4010000 shares resulting in a subscription of 10.4901 times.

The Retail Individual Investors (RIIs) portion has received subscription of 2.7608 times with bids for 33212685 shares against the offer of 12030000 shares. The Employee Reservation has received bids for 2505 shares against the offer of 150000 shares resulting in a subscription of 0.0167 times.

Source : Equity Bulls

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