Jindal Cotex IPO receives 2.20 times subscription

The Initial Public Offering (IPO) of Jindal Cotex Limited has received subscription of 2.20 times as on 5:00 PM - September 1, 2009. The issue closed for subscription today - September 1, 2009. The IPO has received bids for 24729750 equity shares against the offer of 11250000 equity shares. The issue has received bids for 10229220 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.6555 times with bids for 3523140 equity shares against the offer of 5375000 equtiy shares.

The Non Institutional Investors portion has received bids for 9568710 equity shares against the offer of 1612500 equity shares resulting in a subscription of 5.9341 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 3.0891 times with bids for 11622870 equity shares against the offer of 3762500 equity shares.

The Employee Reservation portion has received bids for 15030 shares against the offer of 500000 shares resulting in a subscription of 0.0301 times.

Source : Equity Bulls

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