Aishwarya Telecom IPO subscribed 4.12 times

The Initial Public Offering (IPO) of Aishwarya Telecom Ltd which opened for subscription on April 15, 2008 has received subscription of 4.12 times as of 12:00 Noon on 17-April-2008.

The company has come out with an IPO of 4000000 Equity Shares of Rs 10 each for cash at a price band of Rs 32 /- to Rs 35 /- through 100% book-building process.

The IPO has received bids for 16463600 equity shares against the offer of 4000000 shares.

The issue has received bids for 2466400 equity shares at cut-off price.

The IPO closes for subscription today - April 17, 2008.

Source : Equity Bulls

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