Tulsi Extrusions IPO subscribed 0.77 times

The Initial Public Offering of Tulsi Extrusions Limited which opened for subscription on February 1, 2008 has received subscription of 0.77 times till 5:00 PM on 04 Feb 2008.

The company has come out with an IPO of 5700000 Equity Shares of Rs.10 each for cash at a price band of Rs 80 to Rs 85 through 100% book building process.

The IPO has received total bids for 4366200 equity shares against the offer of 5700000 shares. The issue has received bids for 295275 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.1156 times with bids for 3123750 equity shares against the offer of 2800000 equity shares.

The Non Institutional Investors portion has received bids for 893700 shares against the offer of 840000 equity shares resulting in a subscription of 1.0639 times.

The Retail Individual Investors (RIIs) portion has received subscription of 0.1345 times with bids for 263625 equity shares against the offer of 1960000 shares. The Employee Reservation has received bids for 85125 shares against the offer of 100000 shares resulting in a subscription of 0.8513 times.

The issue closes for subscription on February 5, 2008.

Source : Equity Bulls

Keywords