The Initial Public Offering (IPO) of First Winner Industries Limited which opened for subscription on June 9, 2008 has received subscription of 0.38 times till 5:00 PM on June 11, 2008.
The company has come out with an IPO of 55,00,000 equity shares of Rs 10 each for cash at a price band of Rs 120 to Rs 130 through 100% book-building process.
The issue has received bids for 2105350 equity shares against the offer of 5500000 equity shares. The issue has received bids for 88500 equity shares at cut-off price.
The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 1909650 equity shares against the offer of 2700000 equity shares resulting in a subscription of 0.7073 times.
The Non Institutional Investors portion of the issue has received bids for 5000 equity shares against the offer of 810000 equity shares resulting in a subscription of 0.0062 times.
The Retail Individual Investors (RIIs) portion of the issue has received bids for 89500 equity shares against the offer of 1890000 equity shares resulting in a subscription of 0.0474 times.
The Employee Reservation portion of the issue has received subscription of 101200 equity shares against the offer of 100000 equity shares resulting in a subscription of 1.0120 times.
The IPO closes for subscription on June 12, 2008.