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Mundra Port & SEZ IPO subscribed 5 times

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Mumbai, Nov. 1

Mundra Port and Special Economic Zone Ltd IPO got subscribed 4.67 times on its first day. The issue comprises a net issue of 40,100,000 equity shares to the public and a reservation of 1,50,000 shares for eligible employees.

Out of the total issue size of 40250000 equity shares the bids were received were 188060580 equity shares on the first day. The price band is of Rs 400-440 and the issue will close on November 7, 2007.

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