Kolte Patil Developers Ltd IPO subscribed 46.18 times

The Initial Public Offering (IPO) of Kolte Patil Developers Ltd received average response from investors with the issue receiving 46.18 times subscription till 7:15 PM on November 22, 2007.

The issue opened for subscription on November 19, 2007 and closed for subscription today - November 22, 2007.

The issue has received total bids for 877435480 equity shares against the offer of 19000836 equity shares. The issue has received bids for 102326480 equity shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received bids for 573511760 shares against the offer of 9406355 shares resulting in a subscription of 60.9707 times.

The Non Institutional Investors portion of the issue has received subscription of 68.8115 times with bids for 194179600 shares against the offer of 2821906 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 109151800 shares against the offer of 6584448 shares resulting in a subscription of 16.5772 times. The Employee Reservation portion of the issue received subscription of 3.1485 times with bids for 592320 shares against the offer of 188127 shares.

Source : Equity Bulls

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