Sanghvi Forging and Engineering IPO barely through - Indian IPO Blog

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Monday, May 9, 2011

Sanghvi Forging and Engineering IPO barely through

Sanghvi Forging and Engineering IPO, which closed for subscription today, finally managed to sail through its subscription with the IPO subscribed 1.30 times on an overall basis, inspite of no support from the QIB Category.

The HNI Category got an average subscription at 1.82 times the number of shares reserved, but it was the Retail Category that received bids for 47,36,620 Equity Shares, as against 16,14,384 Equity Shares being reserved for the category, thereby taking the subscription in the category to 2.93 times

Stay tuned for the latest updates on Sanghvi Forging and Engineering IPO!

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Neogen Chemicals IPO subscription status on Day 2

QIB: 0.95x HNI: 1.12x Retail: 3.14x Overall: 2.08 times