Thangamayil Jewellery IPO subscribed 1.12 times

The Initial Public Offering (IPO) of Thangamayil Jewellery Ltd has received subscription of 1.12 times. The IPO opened for subscription on January 27, 2010 and closed for subscription on January 29, 2010.

The company came out with public issue of equity shares of Rs. 10/- each for cash aggregating to Rs.2875.25 lacs through 100% book building process. The price band for the IPO was Rs. 70 To Rs.75.

The IPO received total bids for 4588240 equity shares against the offer of 4107500 equity shares. The issue received bids for 1279680 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 1033280 equity shares against the offer of 1989465 equity shares resulting in a subscription of 0.5194 times.

The Non Institutional Investors portion of the issue has received subscription of 3.5487 times with bids for 2118000 equity shares against the offer of 596839 equity shares.

The Retail Individual Investors (RIIs) portion received bids for 1350800 equity shares against the offer of 1392625 equity shares resulting in a subscription of 0.9700 times.

The Employee Reservation portion received subscription of 0.6701 times with bids for 86160 equity shares against the offer of 128571 equity shares.

Source : Equity Bulls

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