C Mahendra Exports IPO subscribed 72% till Day 3 - Indian IPO Blog

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Tuesday, January 4, 2011

C Mahendra Exports IPO subscribed 72% till Day 3

C Mahendra Exports IPO has gained moderate response with the IPO been bid 0.72 times on an overall basis till Day 3 of its opening. The IPO has received bids for 10822860 Equity Shares as against a total Issue Size of 15000000 Equity Shares. The IPO is now fully subscribed in the Retail Category

C Mahendra Exports IPO was bid about 0.37 times on an overall basis till the second day, with comparatively keener response from the Retail Category, which was bid 0.75 times or 75% till Day 2 of its opening

C Mahendra Exports Ltd. is a leading diamond and jewellery company. The group is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery

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