Manaksia Ltd Public Issue subscribed 2.37 times

The Public Issue of Manaksia Ltd has received average response with the issue receiving subscription of 2.37 times till 5:00 PM on December 18, 2007.

The Public Issue has received total bids of 36725680 equity shares against the offer of 15500000 equity shares. The issue has received bids for 871840 shares at cut-off price.

The Issue opened for subscription by investors on December 17, 2007 and closes for subscription today - December 19, 2007.

Out of the issue, Qualified Institutional Buyers (QIBs) portion has received subscription of 4.6048 times with bids for 35456800 equity shares against the offer of 7700000 shares.

The Non Institutional Investors portion has received bids for 306000 equity shares against the offer of 2310000 shares resulting in a subscription of 0.1325 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.1622 times with bids for 874360 equity shares against the offer of 5390000 shares. The Employee Reservation has received bids for 88520 shares against the offer of 100000 shares resulting in a subscription of 0.8852 times.

Source : Equity Bulls

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