Financial Daily from THE HINDU group of publications
Saturday, Sep 24, 2005
Financial Daily from THE HINDU group of publications Saturday, Sep 24, 2005 |
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Markets
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IPOs Suzlon IPO subscribed 15 times on day 1 Our Bureau
MUMBAI: The IPO of Suzlon Energy has received bids 15 times more than the issue size on the first day of opening with maximum bids coming at upper price band of Rs 510. The lower price band is Rs 425. According to the NSE Web site, the combined bids on BSE and NSE were for 44.34 crore shares compared to the issue size of 2.93 crore shares. Most of the bids received were from institutional investors and within this category, FIIs applied for maximum number of shares. The issue closes on September 29.
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