Transformers and Rectifiers India Limited IPO subscribed 26.04 times

The Initial Public Offering of Transformers and Rectifiers (India) Limited has evoked average response from investors with the issue receiving subscription of 26.04 times till 2 PM on 12-December-2007.

The IPO opened for subscription by investors on December 7, 2007 and closes for subscription today December 12, 2007.

The IPO has received total bids for 77982435 equity shares against the offer of 2995000 equity shares. The issue has received bids for 9775650 equity shares at cut-off price.

ENAM Securities Private Limited is the Book Running Lead Managers to the issue.

Source : Equity Bulls

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