D B Realty IPO receives 2.95 times subscription

The Initial Public Offering of D B REALTY Ltd has received subscription of 2.95 times. The IPO opened for subscription on January 29, 2010 and closed for subscription on February 2, 2010.

The company came out with IPO of equity shares of Rs 10 each for cash aggregating to Rs. 15,000 Million through 100% book building process. The price band for the IPo was Rs.468 to Rs. 486.

Enam Securities Private Limited and Kotak Mahindra Capital Company Limited were the Book Running Lead Managers to the issue. Kotak Securities Limited, ICICI Securities Limited and Punjab National Bank were the Syndicate Members to the IPO.

The Rating Agency CRISIL awarded IPO Grading of "IPO Grade 2" for the issue. LINK INTIME INDIA PRIVATE LIMITED is the registrar to the company.

The issue received total bids for 78227492 equity shares against the offer of 26495984 equity shares. The issue received bids for 3166590 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue received bids for 61100900 equity shares against the offer of 13675472 equity shares resulting in a subscription of 4.4679 times.

The Non Institutional Investors portion of the issue received subscription of 4.2460 times with bids for 13609022 equity shares against the offer of 3205128 equity shares.

The Retail Individual Investors (RIIs) portion of the issue received bids for 0.3658 times with bids for 3517570 equity shares against the offer of 9615384 equity shares.

Source : Equity Bulls

Keywords