QIBs bet big on Engineers India FPO

The Qualified Institutional Buyers (QIBs) have bet big on the Further Public Offer (FPO) of Engineers India Limited. The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 23.43 times with bids for 386338640 equity shares against the offer of 16490830 equity shares.

The issue closed for subscription by Qualified Institutional Buyers (QIBs) today - July 29, 2010.

Foreign Institutional Investors (FIIs) have subscribed for 224632760 equity shares, followed by Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) who have bid for 122397280 equity shares.

Mutual Funds have subscribed for 37907120 equity shares and others have bid for 1401480 equity shares.

The shares are offerred in the price range of Rs 270 to Rs 290. The stock closed the day at Rs.329.80, up by Rs.7.35 or 2.28%.

The stock hit an intraday high of Rs.332.10 and low of Rs.320.05.

The total traded quantity was 720826 at a weighted average price of Rs 327.56 resulting in a turnover of Rs 2361.14 lakhs.

Source : Equity Bulls

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