Kolte Patil Developers Ltd IPO subscribed 2.69 times

The Initial Public Offering (IPO) of Kolte Patil Developers Ltd received average response from investors with the issue receiving 2.69 times subscription till 5:30 PM on November 21, 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 51175520 equity shares against the offer of 19000836 equity shares. The issue has received bids for 6616120 equity shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received bids for 41826880 shares against the offer of 9406355 shares resulting in a subscription of 4.4467 times.

The Non Institutional Investors portion of the issue has received subscription of 0.6815 times with bids for 1923120 shares against the offer of 2821906 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 7216000 shares against the offer of 6584448 shares resulting in a subscription of 1.0959 times. The Employee Reservation portion of the issue received subscription of 1.1137 times with bids for 209520 shares against the offer of 188127 shares.

Source : Equity Bulls

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