Analysis and Insights into the world of IPOs and investing in India

Monday, October 12, 2009

Indiabulls Power IPO subscribed 5.95 times on first day

Indiabulls Power IPO, which opened for subscription from today has received a good response on its first day with the IPO being subscribed 5.95 times on an overall basis till the end of Day 1, i.e. till Monday, October 12, 2009.

Indiabulls Power Limited is a subsidiary of Indiabulls Real Estate Ltd. Indiabulls Power IPO was subscribed 10.86 times in QIB Category till first day. Following is category-wise subscription status on Day 1:

Indiabulls Power IPO Bidding Status as on Monday, October 12, 2009:
QIB: 10.86 times
Non-Institutional Investors: 2.00 times
Retail: 0.37 times
Overall: 5.95 times
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