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

Monday, February 22, 2010

REC FPO subscribed 0.59 times till Day 2

Rural Electrification Corporation FPO has been subscribed 0.59 times till the second day of its opening. The QIB Category has been fully subscribed with the subscription in this category at 1.09 times till second day. The FPO has not seen much response from the other categories which remain under-subscribed till Day 2. Following is the Bidding Status of REC FPO till its second day:

REC FPO Bidding Status as on Day 2, i.e. Monday, February 23, 2010 1700 hrs IST:
QIB: 1.09 times
Non-Institutional Investors: 0.23 times
Retail: 0.03 times
Employees: 0.32 times
Overall: 0.59 times
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