Sejal Architectural Glass IPO receives 1.22 times subscription

The Initial Public Offering (IPO) of Sejal Architectural Glass Ltd which opened for subscription on June 9, 2008 has received susbcription of 1.22 times till 5:00 PM on June 10, 2008.

The company has come out with an IPO of 91,94,155 equity shares of Rs 10 each for cash at a price band of Rs 105 to Rs 115.

The issue has received bids for 11191020 equity shares against the offer of 9194155 equity shares. The issue has received bids for 3136860 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 6319020 equity shares against the offer of 4597078 equity shares resulting in a subscription of 1.3746 times.

The Non Institutional Investors portion of the issue has received subscription of 1.2642 times with bids for 1743480 equity shares against the offer of 1379123 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 3128520 equity shares against the offer of 3217954 equity shares resulting in a subscription of 0.9722 times.

Source : Equity Bulls

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