Man Infra IPO gets wonderful response on First Day, subscribed 3 times - Indian IPO Blog

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Thursday, February 18, 2010

Man Infra IPO gets wonderful response on First Day, subscribed 3 times

The IPO of Man Infraconstruction Limited, which opened for subscription today, has received a very good response with the IPO getting subscribed 3.10 times on the opening day itself. The IPO has managed to garner magnificent subscription from the QIB and HNI Categories, which are subscribed about 4 and 8 times respectively. Retail Category, however, has received bids for 315700 Equity Shares as against 1620000 Equity Shares reserved for the category, thereby making the Retail Category subscribed by 19%. The detailed category-wise subscription status as on Day 1 is given below:

Man Infraconstruction IPO Bidding Status as on Thursday, February 18, 2010 1700 hrs IST:
QIB: 4.13 times
Non-Institutional Investors: 8.74 times
Retail: 0.19 times
Employees: 0.00 times
Overall: 3.10 times

Man Infraconstruction Ltd. is an infrastructure construction company headquartered in Mumbai. It provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. Man Infraconstruction Ltd. IPO would remain open for subscription till Monday, February 22, 2010

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