MindTree Consulting Subscribed 103 Times
February 15, 2007
BSE and NSE finally shutdown their systems at midnight and till then they had received 577662585 bids against an offer of 5593300 subscribing the MindTree issue 103 times. We had a blind subscription rating on MindTree IPO.
The retail portion of the issue is subscribed by 30 times. The fate of Rs 1 Lakh application by retail investor will also be decided by lottery in the ratio of 1:2. Here is the breakup of subscription.
| Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| Qualified Institutional Buyers (QIBs) | 2964445 | 465359745 | 156.9804 |
| Non Institutional Investors | 494075 | 66679710 | 134.9587 |
| Retail Individual Investors (RIIs) | 1482220 | 44548665 | 30.0554 |
Cinemax listed on NSE today and the shares closed below the offer price. DalalStreet.Biz had an expensive rating on the issue. I wouldn’t BUY as the Great Indian Multiplex story is melting down.
Comments
Got something to say?