Pipavav Shipyard IPO receives subscription of 3.57 times

The Initial Public Offering (IPO) of Pipavav Shipyard Limited has garnered subscription of 3.57 times till 5:00 PM on Thursday - September 17, 2009. The IPO opened for subscription on Wednesday - September 16, 2009 and closes today - September 18, 2009.

The IPO has received subscription of 3.57 times with bids for 250338990 equity shares against the total offer of 70177275 equity shares. The issue has received bids for 23959980 equity shares at cut-off price.

In NSE, the issue has received bids for 147338070 equity shares against the offer of 70177275 equity shares. The issue has received bids for 18575370 equity shares at cut-off price.

In BSE, the issue has received bids for 105877310 equity shares.

Source : Equity Bulls

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