Birla Cotsyn IPO receives 1.11 times subscription

The Initial Public Offering (IPO) of BIRLA COTSYN (INDIA) LIMITED has received subscription of 1.11 times till 5:00 PM on July 9, 2008. The IPO opened for subscription on June 30, 2008 and closed today - July 9, 2008.

The IPO has received bids for 99682450 equity shares against the offer of 89608333 equity shares. The issue has received bids for 25394600 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 555800 equity shares against the offer of 41783333 equity shares resulting in a subscription of 0.0133 times.

The Non Institutional Investors portion has received subscription of 5.7497 times with bids for 72072700 equity shares against the offer of 12535000 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 26803000 equity shares against the offer of 29248333 equity shares resulting in a subscription of 0.9164 times.

The Employee Reservation has received subscription of 0.0415 times with bids for 250950 equity shares against the offer of 6041667 equity shares.

Source : Equity Bulls

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