Raj Oil Mills IPO fully susbcribed

The Initial Public Offering (IPO) of Raj Oil Mills Limited has received full subscription on the last day. The IPO has received subscription of 1.03 times till 3:00 PM on July 23, 2009.

The company has received total bids for 9816150 equity shares against the offer of 9500000 equity shares. The issue has received bids for 843950 equity shares at cut-off price.

The company has come out with IPO of 95,00,000 EQUITY SHARES of Rs 10 each for cash at a price band of Rs. 100 To Rs. 120 through 100% book-building process.

The IPO opened for susbcription on July 20, 2009 and closes today - July 23, 2009.

Source : Equity Bulls

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