GVK Power & Infrastructure Ltd IPO subscribed 25.82 times

GVK Power & Infrastructure Ltd came out with an IPO of 8,275,556 equity shares for Rs.10 each in a band of Rs.260 to Rs.310. The issue opened on February 2, 2006 and closed on February 7, 2006.

As of 11 PM on today the issue was subscribed 25.82 times with the data available in NSE website. The Qualified Institutional Bidders (QIBs) portion got subscribed for 33.594 times, Non Institutional investors portion subscribed for 36.5303 times and retail portion got subscribed for 13.9754 times. Meanwhile, the existing shareholders portion got subscribed only for 0.3089 times.

Source : Equity Bulls

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