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Mumbai, May 13 The initial public offering of Gokul Refoils and Solvent Ltd got subscribed 4.27 times according to NSE Web site The issue received bids for 2.97 crore shares as against the 71.58 lakh shares on offer, according to the latest data available on the NSE.

Till Monday, the portion reserved for the qualified institutional buyers was subscribed 0.37 times. The portion for the retail investors received bids for 0.49 times, while the non-institutional investors segment was oversubscribed with bids for 1.18 times of the total shares reserved for them.

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