Analysis and Insights into the world of IPOs and investing in India

Sunday, May 1, 2011

Vaswani Industries Limited IPO subscribed 0.95 times on the opening day

Vaswani Industries Limited IPO has been bid 0.95 times on an overall basis on Friday, April 29, 2011, when the IPO opened for subscription.

The IPO has received quite an extra-ordinary amount of subscription from the HNI category, especially considering the weak response from other categories and also taking into account the fact that it was only the first day of the IPO. The HNI category received bids for 91,22,160 Equity Shares as against 15,00,000 reserved for the category, thus making the category overbid by 6.08 times

Although the Retail Category has received about 10% subscription till now, there has not been any bids in the QIB category on the opening day. The IPO would close for subscription for all categories on May 3, 2011

Stay tuned for the latest updates on Vaswani Industries Limited IPO!



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