Investors vote for MindTree Consulting Ltd IPO, Issue oversubscribed 9.7 times

The Initial Public Offering of MindTree Consulting Ltd has received overwhelming response from investors with the issue oversubscribed by 9.7 times with 1 more day to go. The issue has received bids for 59875980 equity shares against the total issue size of 5593300 equity shares.

The issue has received bids for 5100960 equity shares at Cut-off price.

The Qualified Institutional Buyers (QIBs) portion has received bids for 18.1348 times, Non Institutional Investors portion 0.8304 times, Retail Individual Investors (RIIs) portion 3.7177 times and Employee Reservation 0.5249 times. The Business Associates portion of the issue failed to receive any bids. But, there is still one more day for the official closure of the issue.

Source : Equity Bulls

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