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

Friday, February 19, 2010

Man Infraconstruction IPO subscribed 6.87 times till second day, mainly on QIB and HNI support

Man Infraconstruction IPO has continued to garner response on Day 2, with the IPO getting subscribed 6.87 times, derived chiefly on support from QIB and HNI Categories. Retail Category subscription is currently at about 0.45 times till Day 2, which is marginal as compared to the high subscriptions in the QIB and HNI Categories. Following is the category-wise subscription status of Man Infraconstruction IPO till the second day of the IPO

Man Infraconstruction Ltd. IPO Bidding Status as on Day 2, i.e. Friday, February 19, 2010 1700 hrs IST:
QIB: 11.62 times
Non-Institutional Investors: 9.06 times
Retail: 0.45 times
Employees: 0.00 times
Overall: 6.87 times
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