Edelweiss Capital IPO subscribed 103.79 times

The Initial Public Offering (IPO) of Edelweiss Capital Ltd has received overwhelming response from investors with the issue receiving 103.79 times subscription till 4 PM on November 20, 2007.

The issue opened for subscription on November 15, 2007 and closes for subscription today - November 20, 2007.

The issue has received total bids for 870392536 equity shares against the offer of 8386147 equity shares. The issue has received bids for 23250424 equity shares at cut-off price.

The company is issuing 8386147 Equity Shares of Rs 5 each for cash at a price band of Rs 725 to Rs 825 per share through 100% book building process.

Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited and Lehman Brothers Securities Private Limited are the Book Running Lead Managers to the issue.

Source : Equity Bulls

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