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Friday, January 21, 2011

Tata Steel FPO, which closed for subscription today, has been subscribed just above 6 times on an overall basis. The FPO has managed to garner good support from the QIB and HNI Categories, which were firmly bid. The Retail Investors have also chipped in with above 1.50 times subscription

The response to the FPO till Day 2 was largely averse, especially from Retail Category of Investors, the subscription in the category standing close to 20% or 0.1975 times till Day 2. The QIB and HNI Categories were subscribed 0.67 times and 0.79 times respectively till the second day

Stay tuned to Indian IPO Blog for precise subscription status updates!


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