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Friday, Jun 14, 2002

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i-flex issue price fixed at Rs 530

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MUMBAI, June 13

I-FLEX Solutions Ltd has fixed the issue price at Rs 530 for Rs 5 face value share. The issue price is the same as the base price fixed for book-building.

The issue has been oversubscribed 2.72 times.

In a statement today, the company said the issue received application aggregating 107.94 lakh shares compared to the issue size of 39,61,700 shares. The offer size reserved for institutions has been oversubscribed by 2.69 times as total demand for shares stood at 64.01 lakh shares. The retail category has been oversubscribed by 2.68 times with more than 11,000 applications aggregating 26.59 lakh shares. Non-institution category has also been oversubscribed by 1.92 times with total of 17.34 lakh shares.

The shares are expected to be listed on both the NSE and BSE by the end of the month.

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i-flex issue price fixed at Rs 530

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