KNR Constructions IPO subscribed 1.16 times

The IPO of KNR Constructions Limited has received subscription of 1.16 times till 4:00 PM on January 29, 2008.

The IPO opened for subscription on January 24, 2008 and closes today - January 29, 2008.

The company came with IPO of 7874570 Equity Shares of Rs 10 each for cash at a price band of Rs 170 to Rs 180 through 100% Book Building process.

The IPO has received total bids for 9102975 equity shares against the offer of 7874570 equity shares. The IPO has received bids for 485275 equity shares at cut-off price.

Source : Equity Bulls

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