Vijayeswari Textiles Ltd IPO receives paltry response, reduces price band and extends closing day

The Book Running Lead Manager to the public issue of Vijayeswari Textiles Ltd has informed that the issue will close on February 19, 2007 instead of the earlier closing day of February 13, 2007.

Further price band has been revised from Rs.115/- to Rs.130/- per share to Rs.100/- to Rs.115/- per share.

The company's IPO had received paltry response managing a subscription of just 0.14 times till 13 February 2007 at 1900 hrs.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription for 0.0983 times, Non Institutional Investors portion 0.0179 times and Retail Individual Investors (RIIs) portion 0.2613 times.

The overall issue managed to receive bids for just 1121350 shares compared to the total issue of 7826100 equity shares.

Source : Equity Bulls

Keywords