Mundra Port IPO subscribed 115.20 times

The Initial Public Offering (IPO) of Mundra Port and Special Economic Zone Limited which opened for subscription on November 01, 2007 and closed today - November 07, 2007 has received overwhelming response from all sections of investors.

The IPO has received subscription of 115.20 times till 6 PM on November 7, 2007. The issue has received total bids for 4636662000 equity shares against the offer of 40250000 shares.

The IPO has received bids for 162711945 equity shares at cut-off price.

The company has come out with an IPO of 40250000 Equity Shares of Rs 10 each for cash at a price band of Rs 400 to Rs 440.

Source : Equity Bulls

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