The Hindu Business Line : Idea Cellular IPO subscribed 49 times

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Mumbai Feb. 15 The initial public offering of Idea Cellular Ltd, a mobile services company of the Aditya Birla Group company, was oversubscribed 48.61 times on the bourses at 8.00 p.m. Bids were received across the price band of Rs 65-Rs 75 per share.

The company has offered equity shares aggregating Rs 2,125 crore to enter the capital markets. Total bids received were 1589 crore. JM Morgan Stanley Pvt Ltd and DSP Merrill Lynch Ltd are the book running lead managers to the issue.

Evinix Accessories

Evinix Accessories Ltd IPO was subscribed 2.25 times on the BSE and NSE at 8.00 pm. Bids were received across the price band of Rs 100-Rs 120 per share. It had entered the capital markets with an offering of 35 lakh shares. Total bids received were 78.7 lakh.

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