Aishwarya Telecom IPO receives 20 times subscription

The Initial Public Offering (IPO) of Aishwarya Telecom Ltd has received subscription of 20 times as of 5:00 PM on 17-April-2008.

The IPO has received bids for 80008600 equity shares against the offer of 4000000 shares. The issue has received bids for 44634800 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 16464000 equity shares against the offer of 1950000 equity shares resulting in a subscription of 8.4431 times.

The Non Institutional Investors portion has received subscription of 29.1374 times with bids for 17045400 equity shares against the offer of 585000 shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 46395400 equity shares against the offer of 1365000 shares resulting in a subscription of 33.9893 times.

The Employee Reservation portion has received susbcription of 1.0380 times with bids for 103800 shares against the offer of 100000 shares.

The IPO closes for subscription on Thursday - April 17, 2008.

Source : Equity Bulls

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