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Wednesday, May 18, 2011

Galaxy Surfactants Limited IPO closes for QIB, scarcely subscribed at 0.30 times till now

Galaxy Surfactants Limited IPO, which closed for subscription today for QIB Investors, has been thinly subscribed with the IPO receiving 30% subscription till now on an overall basis

According the data available on the NSE website, out of the 20,75,500 Equity Shares reserved in the QIB category, Galaxy Surfactants Limited IPO has received bids for 12,26,400 Equity Shares in the category, out of which bids for 10,00,060 shares came from Foreign Institutional Investors (FIIs), 2,05,800 from Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) and bids for 20,540 Equity Shares came from others. No bids received in the QIB category came from Mutual Funds

As far as the subscription from the other categories goes, there has hardly been an active response from the investors with the IPO getting only 0.04 times or 4 percent subscription in the HNI Category, while the Retail Investors has been covered 11% till now. Galaxy Surfactants Limited IPO closes for subscription for categories other the QIB tomorrow, i.e. on Thursday, May 19, 2011. Check back Indian IPO Blog for latest subscription status updates on the IPO!


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