After the record setting collections on Tuesday, the momentum of the flow of bids for Reliance Power's mega initial share offer (IPO) slowed on Wednesday, the second day, with subscription levels crossing 14 times, according to the information available on the National Stock Exchange website at 8 pm.

The Rs 11,700-crore IPO - the country's biggest ever so far - was subscribed nearly 11 times on the first day.

The segment-wise break-up of the share sales available show that the qualified institutional buyer (QIB) portion was subscribed 17 times.

Nearly 80% of the bids in the segment came from FIIs, who have submitted bids for over Rs 81,000 crore worth of shares.

 

 

Story Comments Total Post : 2

Posted By : vinodkumar7860 on 16 January,2008

Future Capital issue oversubscribed by 131 times. QIB Portion by 106 times, HNI 32 times and Retail by 27 times. It will open above 1000 plus levels on listing day. To know more visit www.paisavassool.com and Read Daily Today's Newsletter and Enjoy.

Posted By : vinodkumar7860 on 16 January,2008

REL Power Subscription data: On the End of 2nd Day, Rel Power issue oversubscribed by 14 times, QIB Portion Subscribed 17 times and Retail Portion subscribed 2.06 times. To Know more visit www.paisavassool.com and Read Daily Today's Newsletter and Enjoy.

 

Source : business-standard.com