Oberoi Realty IPO opens for subscription

The Initial Public Offering (IPO) of Oberoi Realty Limites opened for subscription by invesotrs today - October 6, 2010.

The company has come out with a Public issue of 39,562,000 equity shares of Rs. 10/- each(including anchor portion of 71,21,160 equity shares) for cash at a price band of Rs 253 to Rs 260 through 100% Book Building process.

The Minimum Order Quantity is 20 Equity Shares and in multiples of 20 Equity Shares. Kotak Mahindra Capital Company Limited, J.P. Morgan India Private Limited,Enam Securities Private Limited and Morgan Stanley India Company Private Limited are the Book Running Lead Managers to the IPO. The Maximum Subscription Amount for Retail Investor is Rs.100000.

Kotak Securities Limited is the syndicate member to the issue. Link Intime India Private Limited is the registrar to the company.

The issue received subscription of 0.12 times at the end of day one. The IPO received total bids for 4689120 equity shares against the offer of 39562000 equity shares. The issue received bids for 85300 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the IPO received subscription of 0.20 times with bids for 3325740 equity shares against the offer of 16616040 equity shares.

The Non Institutional Investors portion of the issue received bids for 1158840 equity shares against the offer of 3956200 equity shares resulting in a subscription of 0.29 times.

The Retail Individual Investors (RIIs) portion of the issue received subscription of 0.02 times with bids for 204540 equity shares against the offer of 11868600 equity shares.

Source : Equity Bulls

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