Brigade Enterprises Limited IPO Subscribed 1.89 times

The Initial Public Offering of Brigade Enterprises Limited has received subscription of 1.89 times till 10:30 PM on 12-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 31497936 equity shares against the offer of 16624720 equity shares. The issue has received bids for 758112 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 3.0837 times with bids for 30574448 equity shares against the offer of 9914832 equity shares.

The Non Institutional Investors portion of the issue has received bids for 70080 shares against the offer of 1652472 equity shares resulting in a susbcription of 0.0424 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.1692 times with bids for 838912 equity shares against the offer of 4957416 shares. The Employee Reservation has received bids for 14496 shares against the offer of 100000 shares resulting in a subscription of 0.1450 times.

Source : Equity Bulls

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