Saturday, June 21, 2008

Archidply IPO subscribed 1.48 times; First Winner IPO subscribed 1.26 times

MUMBAI - The public offering of Archidply Industries’ was subscribed 1.48 times till 5 pm on Tuesday, as per the NSE website. The issue was in the price band Rs 70-80 per share band. The issue closed today. It constitutes 30.07 per cent of the post issue paid-up capital.

The public issue of 66,15,720 lakh equity shares received 97,64,850 bids, out of which 64,43,400 bids were at cut off price. The non-institutional investor portion of 9,92,358 shares was subscribed 0.89 times, the retail portion of 23,15,502 shares was subscribed 0.37 times, while qualified institutional buyers’ portion of 33,07,860 shares did not receive any subscription.

However, the 1,00,00,000 shares issue of Lotus Eye Care Hospital’s was subscribed 0.61 times on the last day on Tuesday. The price band was fixed at Rs 38-Rs 42 per share. The company had planned to raise Rs 42 crore through the IPO.

The issue received 61,29,750 bids; around 23,32,200 bids were received at cut off price. It constitutes 48.09 per cent of the fully diluted post issue capital. The qualified institutional buyers’ portion of 50,00,000 shares was subscribed 0.50 times, non-institutional investor portion of 15,00,000 shares did not receive any subscription, while the retail portion of 35,00,000 shares was subscribed 0.05 times.

On the other hand, the 55 lakh shares issue of First Winner Industries was subscribed 1.26 times on Tuesday, as per the NSE website. The price band had been changed to Rs 115-125 per share. The issue closed today.

The issue received 69,20,900 bids, out of which 24,39,800 bids were received at cut off price. The issue comprises of employee reservation of one lakh equity shares and a net issue to public of 54 lakhs equity shares. The issue constitutes 31.02 per cent of the post-issue paid-up capital.

The qualified institutional buyers portion of 27,00,000 shares was almost fully subscribed, non-institutional investor portion of 8,10,000 shares was subscribed 0.06 times, while the retail portion of 18,90,000 shares was subscribed 0.63 times. The employee reservation of 100,000 was fully subscribed.

Courtesy: economictimes.indiatimes.com

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