Raj Television Network Ltd IPO oversubscribed by 2.04 times

The Initial Public Offering of Raj Television Network Ltd which closed for subscription on February 23, 2007 has received subscription for 3.04 times resulting in an oversubscription of 2.04 times.

Out of the total issue of 3568250 equity shares the company has received subscription for 10852250 equity shares. The issue has received bids for 7736825 equity shares at Cut-off price.

Out of the subscription, the Qualified Institutional Buyers (QIBs) has received subscription for 635200 equity shares against the offer of 1621933 equity shares resulting in a subscription of 0.3916 times. The Non Institutional Investors portion has received bids for 1949350 equity shares against the offer of 486580 equity shares. The Retail Individual Investors (RIIs) portion received subscription for 6.9177 times with bids for 7854050 equity shares against the offer of 1135353 equity shares. The Employee Reservation has received subscription for 1.2752 times with bids for 413650 equity shares against the offer of 324384 equity shares.

Source : Equity Bulls

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