Raj Oil Mills IPO subscribed 1.24 times

The Initial Public Offering (IPO) of Raj Oil Mills Limited which closed for subscription on July 24, 2009 has received subscription of 1.24 times. The IPO opened for subscription on July 20, 2009.

The IPO has received bids for 11799000 equity shares against the offer of 9500000 equity shares. The issue received bids for 1944000 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue received subscription of 0.7543 times with bids for 3583000 equity shares against the offer of 4750000 equity shares.

The Non Institutional Investors portion of the issue received bids for 5666300 equity shares against the offer of 1425000 equity shares resulting in a subscription of 3.9764 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.7668 times with bids for 2549700 equity shares against the offer of 3325000 equity shares.

Source : Equity Bulls

Keywords