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Tuesday, September 28, 2010

VA Tech Wabag IPO has received an overwhelming response from the market with the IPO finally getting overbid by 36.22 times on an overall basis. The IPO is overbid by a gigantic amount in terms of number of times subscription in the HNI which stands 100.98 times, which received bids for 55586055 Equity Shares as against 550447

The response from the QIB and Retail Categories has also been wonderful with the IPO getting bid by 36.13 times and 8.55 times in each of those categories respectively.

VA Tech Wabag is one of the world’s leading companies in the water treatment field. VA Tech Wabag provides turn-key solutions for water and waste water treatment to municipal and industrial users

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