Mudra Lifestyle Ltd IPO oversubscribed 3.59 times

The Initial Public Offering of Mudra Lifestyle Ltd received bids for 4.59 times of the issue resulting in an oversubscription of 3.59 times. The company offered 9580000 Equity Shares to investors.

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

The issue received bids for 43954680 equity shares compared to the total issue size of 9580000 shares. Bids for 9202340 equity shares were received at cut-off price.

The Qualified Institutional Bidders (QIBs) portion of the issue received bids for 31901100 shares against the offer of 4550500 shares resulting in a subscription of 7.0105 times. The Non Institutional Investors portion received bids for 1795570 equity shares against the offer of 1365150 shares. The Retail Individual Investors (RIIs) portion received subscription for 3.1535 times, with bids for 10044930 shares against the offer of 3185350 equity shares. The employees portion of the issue received bids for 213080 equity shares against the offer of 479000 shares resulting in a subscription of 0.4448 times.

Source : Equity Bulls

Keywords