Retail Portion of Shipping Corporation of India FPO subscribed 6.56 times

The retail individual investors portion of Shipping Corporation of India Limited has received good response with subscription of 6.56 times. The retail portion has received total bids for 193367050 equity shares against the offer of 29493547 equity shares. Out of 193367050 equity shares, bids for 160900450 equity shares were at cut-off price and 32466600 were pricebids.

The Qualified Institutional Buyers (QIBs) portion of the issue received subscription of 4.19 times with bids for 176702850 equity shares against the offer of 42133638 equity shares.

The Non Institutional Investors portion of the issue received bids for 46326000 equity shares against the offer of 12640091 equity shares resulting in a subscription of 3.67 times.

The Employee Reservation portion has received bids for only 63350 equity shares against the offer of 423454 equity shares resulting in a subscription of 0.15 times.

The IPO closed for subscription today and closed for subscription by QIBs on December 2, 2010.

Source : Equity Bulls

Keywords