Renaissance Jewellery IPO subscribed 1.64 times

The Initial Public Offering (IPO) of Renaissance Jewellery Ltd received average response from investors with the issue receiving 1.64 times subscription till 8:15 PM on November 20, 2007.

The issue opened for subscription on November 19, 2007 and closes for subscription on November 21, 2007.

The issue has received total bids for 8716275 equity shares against the offer of 5324240 equity shares. The issue has received bids for 937530 equity shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received bids for 2753955 shares against the offer of 2662120 shares resulting in a subscription of 1.0345 times.

The Non Institutional Investors portion of the issue has received subscription of 6.2713 times with bids for 5008500 shares against the offer of 798636 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 953820 shares against the offer of 1863484 shares resulting in a subscription of 0.5118 times.

Source : Equity Bulls

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