A2Z Maintenance and Engineering Services IPO finally subscribed 0.96 times - Indian IPO Blog

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Saturday, December 11, 2010

A2Z Maintenance and Engineering Services IPO finally subscribed 0.96 times

The IPO of A2Z Maintenance and Engineering Services Ltd., an engineering, procurement and construction (“EPC”) company, has finally managed to gather 0.96 times subscription on an overall basis.

The overall subscription is mainly on account of subscription received in the HNI Category, which is the only category having a respectable subscription status. The participation from other categories of investors including QIB and Retail Investors has been relatively very frail

A2Z Maintenance and Engineering Services Ltd. IPO was subscribed 0.81 times till Day 2, i.e. Thursday, December 9, 2010, with good subscription in HNI category and marginal subscriptions in other categories till the second day of the IPO

A2Z Maintenance & Engineering Services is an engineering, procurement and construction (“EPC”) company and provides services to the power transmission and distribution sector with a focus primarily on the distribution segment

(Click here to check out A2Z Maintenance & Engineering Services IPO - Final Subscription Status)

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