Kolte Patil Developers Ltd IPO subscribed 0.63 times

The Initial Public Offering (IPO) of Kolte Patil Developers Ltd received lukewarm response from investors with the issue receiving 0.63 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 22, 2007.

The issue has received total bids for 11998920 equity shares against the offer of 19000836 equity shares. The issue has received bids for 2328880 equity shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received bids for 7525920 shares against the offer of 9406355 shares resulting in a subscription of 0.8001 times.

The Non Institutional Investors portion of the issue has received subscription of 0.6347 times with bids for 1791120 shares against the offer of 2821906 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 2513360 shares against the offer of 6584448 shares resulting in a subscription of 0.3817 times. The Employee Reservation portion of the issue received subscription of 0.8958 times with bids for 168520 shares against the offer of 188127 shares.

Source : Equity Bulls

Keywords