Titagarh Wagons IPO subscribed 0.99 times

The Initial Public Offering (IPO) of Titagarh Wagons Ltd which opened for subscription on Mar 24, 2008 has received subscription of 0.99 times till 5:00 PM on Mar 26, 2008.

The IPO has received total bids for 2353760 equity shares against the offer of 2383768 shares. The issue received bids for 44970 shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the received subscription of 1.5915 times with bids for 2261920 shares against the offer of 1421261 shares.

The Non Institutional Investors portion of the issue received bids for 40510 equity shares against the offer of 236877 shares resulting in a subscription of 0.1710 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.0722 times with bids for 51330 equity shares against the offer of 710630 shares.

The Employee Reservation portion of the issue received Nil subscription against the offer of 15000 equity shares.

The IPO closes for subscription on Mar 27, 2008.

Source : Equity Bulls

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