Aishwarya Telecom IPO receives 0.40 times subscription

The Initial Public Offering (IPO) of Aishwarya Telecom Ltd which opened for subscription today - April 15, 2008 has received subscription of 0.40 times at 5:00 PM on 15-April-2008.

The IPO has received bids for 1584600 equity shares against the offer of 4000000 shares. The issue has received bids for 172600 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 1199600 equity shares against the offer of 1950000 equity shares resulting in a subscription of 0.6152 times.

The Non Institutional Investors portion has received subscription of 0.2256 times with bids for 132000 equity shares against the offer of 585000 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 153000 equity shares against the offer of 1365000 shares resulting in a subscription of 0.1121 times.

The Employee Reservation portion has received susbcription of 1.0000 times with bids for 100000 shares against the offer of 100000 shares.

The IPO closes for subscription on April 17, 2008.

Source : Equity Bulls

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