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IPO News
Nitesh Estates IPO subscribed 1.16 times
Posted On : 2010-04-28 10:06:05( TIMEZONE : IST )
The Initial Public Offering (IPO) of Nitesh Estates Limited has received subscription of 1.16 times with total bids for 74495000 equity shares against the offer of 64151800 equity shares.
The IPO opened for subscription on April 23, 2010 and closed for subscription on April 27, 2010.
The issue has received bids for 3495000 equity shares at cut-off price.
The Qualified Institutional Buyers (QIBs) portion of the issue has received total bids for 67767000 equity shares against the offer of 26651800 equity shares resulting in a subscription of 2.5427 times.
The Non Institutional Investors portion of the issue has received subscription of 0.2237 times with bids for 2516400 equity shares against the offer of 11250000 equity shares.
The Retail Individual Investors (RIIs) portion of the issue has received bids for 4211600 equity shares against the offer of 26250000 equity shares resulting in a subscription of 0.1604 times.
