Jindal Cotex IPO receives 0.62 times subscription

The Initial Public Offering (IPO) of Jindal Cotex Limited has received subscription of 0.62 times as on 5:00 PM - August 31, 2009. The IPO has received bids for 6971850 equity shares against the offer of 11250000 equity shares. The issue has received bids for 2082690 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.4349 times with bids for 2337660 equity shares against the offer of 5375000 equtiy shares.

The Non Institutional Investors portion has received bids for 2165490 equity shares against the offer of 1612500 equity shares resulting in a subscription of 1.3429 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.6534 times with bids for 2458260 equity shares against the offer of 3762500 equity shares.

The Employee Reservation portion has received bids for 10440 shares against the offer of 500000 shares resulting in a subscription of 0.0209 times.

Source : Equity Bulls

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