Jaypee Infratech IPO subscribed fully on last day

The Initial Public Offering (IPO) of Jaypee Infratech Limited has subscribed fully at 12:00 Noon IST on May 4, 2010. The IPO opened for subscription by investors on April 29, 2010.

The company has come out with IPO of equity shares aggregating up to Rs. 16,500 million (fresh issue) and an offer for sale of 60,000,000 equity shares by existing shareholders. The equity shares of Rs 10 each is priced in the range of Rs 102 to Rs 117 through 100% book building process.

The IPO has received total bids for 222724350 equity shares against the offer of 221764705 equity shares. The issue has received bids for 9201000 equity shares at cut-off price.

The bulk of the bids have come at the lower end of the price band of Rs 103. The IPO closes for subscription today - May 4, 2010.

Source : Equity Bulls

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