Globus Spirits IPO receives subscription of 0.23 times

The Initial Public Offering (IPO) of Globus Spirits Limited has received subscription of 0.23 times as on 5:00 PM - September 1, 2009. The IPO has received bids for 1762040 equity shares against the offer of 7500000 equity shares. The issue has received bids for 316400 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.3758 times with bids for 1399930 equity shares against the offer of 3725000 equity shares.

The Non Institutional Investors portion of the issue has received Nil subscription against the offer of 1117500 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.1296 times with bids for 337890 equity shares against the offer of 2607500 equity shares.

The Employee Reservation portion has received subscription of 24220 equity shares against the offer of 50000 equity shares resulting in a subscription of 0.4844 times.

Source : Equity Bulls

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