Financial Daily from THE HINDU group of publications
Thursday, Apr 07, 2005
Financial Daily from THE HINDU group of publications Thursday, Apr 07, 2005 |
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Markets
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IPOs Gokaldas IPO subscribed 42 times Our Bureau
Mumbai , April 6 THE Gokaldas Exports' IPO, which opened on March 30, closed on Wednesday. It offered 31.25 lakh equity shares with a face value of Rs 10 in the Rs 375-425 price band and was subscribed 41.62 times. Over 13 crore bids were received. Post issue, the non-promoter holdings will rise to 39,70,000 equity shares (23.10 per cent) from 8,45,000 equity shares (6.01 per cent). Category-wise, the demand from foreign institutional investors was 53.72 per cent, MFs accounted for 30.93 per cent, banks and institutional investors 10.41 per cent and individuals 3.12 per cent. The book-running lead manager was Enam Financial Consultants Pvt Ltd and the co-book running lead manager was IL&FS Investsmart Ltd.
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