Edelweiss Capital Ltd IPO subscribed 5.24 times

The Initial Public Offering (IPO) of Edelweiss Capital Ltd received overwhelming response from investors with the issue already receiving 5.24 times subscription.

The issue opened for subscription today (November 15, 2007) and at 1:00 PM IST the issue has received 5.24 times subscription.

The issue has received total bids for 43948632 equity shares against the offer of 8386147 equity shares. The issue has received bids for 47472 equity shares at cut-off price.

The IPO closes for subscription on November 20, 2007.

The company is issuing 8386147 Equity Shares of Rs. 5/- each for cash at a price band of Rs 725 to Rs 825 through 100% Book Building process.

Source : Equity Bulls

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