Bang Overseas IPO subscribed 0.56 times

The IPO of Bang Overseas Limited has received subscription of 0.56 times till 4:00 PM on January 29, 2008.

The IPO opened for subscription on January 28, 2008 and closes on January 31, 2008.

The company has come with IPO of 3500000 Equity Shares of Rs 10 each for cash at a price band of Rs 200 to Rs 207 through 100% Book Building process.

The IPO has received total bids for 1955940 equity shares against the offer of 3500000 equity shares. The IPO has received bids for 5310 equity shares at cut-off price.

Source : Equity Bulls

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