Future Ventures India IPO subscribed 0.63 times

The Initial Public Offering (IPO) of Future Ventures India Limited has received subscription of 0.63 times. The IPO opened for subscription by investors on April 25, 2011.

The IPO has received total bids for 472834800 equity shares against the offer of 750000000 equity shares. The issue has received bids for 9822600 equity shares at cut-off price.

The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 68181600 equity shares against the offer of 375000000 equity shares resulting in a subscription of 0.18 times.

The Non Institutional Investors portion of the issue has received subscription of 3.48 times with bids for 391170000 equity shares against the offer of 112500000 equity shares.

The Retail Individual Investors (RIIs) portion of the issue has received bids for 13483200 equity shares against the offer of 262500000 equity shares resulting in a subscription of 0.05 times.

The IPO closes for subscription on Apr 28, 2011. For QIB bidders Issue closes on Apr 27, 2011.

Source : Equity Bulls

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