Oriental Trimex Ltd IPO scrapes through, receives subscription for 1.05 times

The Initial Public Offering of Oriental Trimex Ltd scraped through with bids coming in for 1.05 times of the issue. The company offered 94,00,000 Equity Shares (Excluding Promoter Contribution of 6,00,000 Equity Shares) to investors.

The IPO was open for subscription from February 08, 2007 to February 14, 2007.

The issue received bids for 9839000 equity shares compared to the total issue size of 9400000 shares. Bids for 5609375 equity shares were received at cut-off price.

The Qualified Institutional Bidders (QIBs) portion of the issue evoked poor response with bids coming for 1484375 shares against the offer of 4700000 shares resulting in a subscription of 0.3158 times. The Non Institutional Investors portion received bids for 2452750 equity shares against the offer of 1410000 shares. The Retail Individual Investors (RIIs) portion received subscription for 1.7939 times, with bids for 5901875 shares against the offer of 3290000 equity shares.

Source : Equity Bulls

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