Financial Daily from THE HINDU group of publications
Monday, Sep 13, 2004
Financial Daily from THE HINDU group of publications Monday, Sep 13, 2004 |
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Markets
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IPOs Indiabulls IPO oversubscribed 18.5 times Our Bureau
Mumbai , Sept. 12 INDIABULLS' initial public offering, which closed on September 10, was oversubscribed 18.5 times, according to a company press release. Over 1.3 lakh bids were received, said the release. While the institutional portion was subscribed more than 12 times, the retail portion 25 times the number of shares on offer, it said. Almost 94 per cent of the bids were at Rs 19. The issue was for 2.72 crore equity shares of Rs 2 each. The price band was set at Rs 16-19.
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