NMDC FPO receives lukewarm response on first day - Indian IPO Blog

Wednesday, March 10, 2010

NMDC FPO receives lukewarm response on first day

NMDC FPO, which opened for subscription from today, i.e. Wednesday, March 10, 2010, has been greeted with a not so enthusiastic response with the FPO getting subscribed 0.17 times on the opening day. The response in the Retail Category has also been negligible with the category getting negligible subscription on First Day. Following is the Category-wise subscription figures of NMDC FPO on its opening day:

NMDC FPO Bidding Status as on Wednesday, March 10, 2010 1700 hrs IST:
QIB: 0.34 times
Non-Institutional Investors: 0.00 times
Retail: 0.01 times
Employees: 0.00 times
Overall: 0.17 times

NMDC FPO would remain open for subscription till Friday, March 12, 2010. Keep checking back Indian IPO Blog for day-to-day Bidding Status on NMDC FPO!

Update: NMDC FPO finally subscribed 1.25 times

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