Euro Multivision IPO subscribed 1.81 times

The Initial Public Offering (IPO) of Euro Multivision Ltd which opened for subscription on September 22, 2009 has received bids for 1.81 times. The IPO has received bids for 15948360 equity shares against the offer of 8800000 equity shares. The issue has received subscription for 4161330 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 1.2348 times with bids for 5309730 equity shares against the offer of 4300000 equity shares.

The Non Institutional Investors portion of the issue has received bids for 4877100 equity shares against the offer of 1290000 equity shares resulting in a subscription of 3.7807 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 1.8934 times with bids for 5699160 equity shares against the offer of 3010000 equity shares.

The Employee Reservation portion has received bids for 62370 equity shares against the offer of 200000 equity shares resulting in a subscription of 0.3119 times.

Source : Equity Bulls

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