C Mahendra Exports IPO gets lukewarm response on Opening Day - Indian IPO Blog

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Friday, December 31, 2010

C Mahendra Exports IPO gets lukewarm response on Opening Day

C Mahendra Exports IPO, which opened for subscription from today, has received a lukewarm response on its opening day, with the IPO getting bid 32% on an overall basis. Retail Category, however, is subscribed 60% on Day 1, with bids received for 3171900 Equity Shares, as against 5250000 Equity Shares reserved in the category

The IPO has not received any bids in the HNI Category on the the opening day, although the QIB Category is covered about 22% till Day 1

The price band for the upcoming IPO of C Mahendra Exports Ltd. is set at Rs.95/- to Rs.110/- per equity share for shares having a Face Value of Rs.10/- each. Correspondingly, the bid lot or the minimum lots in which the bids can be made would be 60 Equity Shares and in multiples thereof

Click here for C Mahendra Exports IPO - Bidding Status on Day 1

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