ARSS Infrastructure Projects IPO subscribed 30.87 times

The Initial Public Offering (IPO) of ARSS Infrastructure Projects Ltd which opened for subscription by investors on February 08, 2010 has received subscription of 30.87 times till 3:00 PM for February 11, 2010.

The company has come out with IPO of equity shares of Rs 10 each for cash at a price band of Rs.410 to Rs.450 through 100% book building process. The company is issuing equity shares aggregating upto Rs.10300 lacs through this IPO.

The IPO will be closing for subscription today - February 11, 2010 (Thursday).

The issue has received bids for 77554815 equity shares against the offer of 2512195 equity shares.

The issue has received bids for 6392880 equity shares at cut-off price.

Source : Equity Bulls

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