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Kamdhenu Ispat IPO oversubscribed

Our Bureau

New Delhi, April 14

Kamdhenu Ispat Ltd's IPO has been oversubscribed 5.5 times. It received maximum support from Gujarat, with 1,59,81,900 shares subscribed, closely followed by Delhi (1,19,82,980 shares) and Maharashtra (52,85,720 shares), according to a company release. Mr Satish Agarwal, Chairman and Managing Director, said: "We are thankful to our investors for their confidence and on behalf of the company I assure that we will maintain this trust. The overall performance of the IPO has been quite encouraging."

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