Sejal Architectural Glass IPO receives 1.47 times subscription

The Initial Public Offering (IPO) of Sejal Architectural Glass Ltd which opened for subscription on June 9, 2008 has received susbcription of 1.47 times till 5:00 PM on June 11, 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 13472400 equity shares against the offer of 9194155 equity shares. The issue has received bids for 4467120 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 7242900 equity shares against the offer of 4597078 equity shares resulting in a subscription of 1.5755 times.

The Non Institutional Investors portion of the issue has received subscription of 1.2727 times with bids for 1755240 equity shares against the offer of 1379123 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 4474260 equity shares against the offer of 3217954 equity shares resulting in a subscription of 1.3904 times.

The IPO closes for subscription on June 12, 2008.

Source : Equity Bulls

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