Galaxy Surfactants IPO subscription remains poor till Day 2 - Indian IPO Blog

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Monday, May 16, 2011

Galaxy Surfactants IPO subscription remains poor till Day 2

Galaxy Surfactants IPO, which opened for subscription from Friday, May 13, 2011, has not managed to garner the interest of investors. The IPO is barely bid 3% till Monday, May 16, 2011, which was Day 2 of the IPO

The Equity Shares of Galaxy Surfactants Limited are offered under the IPO in a Price Band of Rs.325/- to Rs.340/- per equity share with a bid lot of 20 Equity shares and in multiples thereof

The IPO has received bids for 23940 Equity Shares in the HNI Category, as against 889500 Equity Shares being reserved for the category, thus making the category bid 0.03 times. The subscription status of the Retail Category is not much different with the category subscribed only 5% or 0.05 times. No bids have been received from the QIB category so far

Stay tuned to Indian IPO Blog for the latest updates on Galaxy Surfactants IPO!

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