Brigade Enterprises Limited IPO Receives 0.80 times subscription

The Initial Public Offering of Brigade Enterprises Limited has received subscription of 0.80 times till 5 PM on 11-December-2007. The IPO opened for subscription by investors on December 10, 2007 and closes for subscription on December 13, 2007.

The IPO has received total bids for 13313456 equity shares against the offer of 16624720 equity shares. The issue has received bids for 516064 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.2830 times with bids for 12720960 equity shares against the offer of 9914832 equity shares.

The Non Institutional Investors portion of the issue has received bids for 10096 shares against the offer of 1652472 equity shares resulting in a susbcription of 0.0061 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.1155 times with bids for 572512 equity shares against the offer of 4957416 shares. The Employee Reservation has received bids for 9888 shares against the offer of 100000 shares resulting in a subscription of 0.0989 times.

Source : Equity Bulls

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