IL&FS Transportation Networks IPO subscribed 0.34 times

The Initial Public Offering (IPO) of IL&FS Transportation Networks Limited has received subscription of 0.34 times till 5:00 PM on March 11, 2010.

The IPO has received total bids for 8040325 equity shares against the offer of 23719009 equity shares. The issue has received bids for 70575 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 0.6380 times with bids for 7751000 equity shares against the offer of 12148761 equity shares.

The Non Institutional Investors portion of the issue has received bids for 39750 equity shares against the offer of 2892562 equity shares resulting in a subscription of 0.0137 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 0.0288 times with bids for 249575 equity shares against the offer of 8677686 equity shares.

The IPO closes for subscription on March 15, 2010.

Source : Equity Bulls

Keywords