MBL Infrastructure IPO - Option to Withdraw Application - Indian IPO Blog

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Tuesday, December 15, 2009

MBL Infrastructure IPO - Option to Withdraw Application

Securities Exchange Board of India (SEBI) has asked MBL Infrastructures Ltd. to offer withdrawal option to MBL Infrastructures IPO Investors due to company's failure to disclose a dispute with State of Jharkhand in its Red Herring Prospectus

The IPO of MBL Infrastructure Ltd., which closed for subscription on Tuesday, December 01, 2009, was subscribed 1.97 times. The IPO had received over-subscriptions mainly in QIB and HNI Categories, with some bids in the Retail Category

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