The Initial Public Offering (IPO) of Archidply Industries Limited which opened for subscription on June 11, 2008 has received subscription of 1.52 times till 5:30 PM on June 17, 2008.
The company has come out with an IPO of 66,15,720 equity shares of Rs 10 each for cash at a price band of Rs 70 to Rs 80 through 100% book-building process.
The issue has received bids for 10032900 equity shares against the offer of 6615720 equity shares. The issue has received bids for 6699150 equity shares at cut-off price.
The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 661575 equity shares against the offer of 3307860 equity shares resulting in a subscription of 0.2000 times.
The Non Institutional Investors portion of the issue has received bids for 2340075 equity shares against the offer of 992358 equity shares resulting in a subscription of 2.3581 times.
The Retail Individual Investors (RIIs) portion of the issue has received bids for 7031250 equity shares against the offer of 2315502 equity shares resulting in a subscription of 3.0366 times.
The IPO closed for subscription on June 17, 2008.