Pipavav Shipyard IPO closes today, subscribed 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.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 3.9836 times with bids for 141964790 equity shares against the offer of 35637185 equity shares.

The Non Institutional Investors portion of the issue has received bids for 80015320 equity shares against the offer of 8485022 equity shares resulting in a subscription of 9.4302 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 1.1040 times with bids for 28103020 equity shares against the offer of 25455068 equity shares.

The Employee Reservation portion of the issue has received bids for 255860 equity shares against the offer of 600000 equity shares resulting in a subscription of 0.4264 times.

Source : Equity Bulls

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