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Asian Granito falls below IPO price on debut

August 23, 2007

The current price of Asian Granito is Rs 86 which is below the issue price of Rs 97.

Asian Granito India’s IPO had ended on 31 July 2007 with 4.51 times subscription. The qualified institutional buyers (QIBs) category was subscribed 3.06 times, the non institutional investors category was subscribed 10.01 times, the retail individual investors category was subscribed 4.64 times and the employees category was subscribed 1.37 times.

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