Parabolic Drugs IPO bid 16 percent on the Opening Day - Indian IPO Blog

Monday, June 14, 2010

Parabolic Drugs IPO bid 16 percent on the Opening Day

The IPO of Parabolic Drugs Ltd. has received an average response on its opening day with the IPO getting bids in only QIB and Retail Categories. The IPO is bid 0.16 times on an overall basis on the First Day with negligible response from the Retail Category which was bid 0.0014 times on the Opening Day

The QIB Category has received bids for 4125040 Equity Shares as against 13083333 Equity Shares reserved for the category, thus making it bid about 0.32 times on First Day. Following is Parabolic Drugs IPO Bidding Status on the First Day:

Parabolic Drugs IPO Bidding Status as on Monday, June 14, 2010 1700 hrs IST:
QIB: 0.32 times
Non-Institutional Investors: 0.00 times
Retail: 0.00 times
Employees: 0.00 times
Overall: 0.16 times

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