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Pradip Overseas IPO subscribed 2 times on opening day

Pradip Overseas IPO has received a decent response on First Day with the IPO getting subscribed 2.11 times on the first day. The Retail Category have shown keen interest in the IPO with the Category getting subscribed 1.74 times on the first day itself. However, the chief support on Day 1 has come from the HNI Category which is oversubscribed 7.05 times on Day 1. Following is the detailed subscription status on Day 1:

Pradip Overseas IPO Bidding Status on Day 1, i.e. Thursday, March 11, 2010 1700 hrs IST:
QIB: 1.09 times
Non-Institutional Investors: 7.05 times
Retail: 1.74 times
Employees: 0.01 times
Overall: 2.11 times

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