Bharatiya Global IPO gets no response from QIBs, subscribed 2.06 times - Indian IPO Blog

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Friday, July 15, 2011

Bharatiya Global IPO gets no response from QIBs, subscribed 2.06 times

Bharatiya Global IPO, which closed for subscription yesterday on Thursday, July 14, 2011, has received no subscription from the QIB Investors, although the IPO did manage to scrape through and got subscribed 2.06 times on an overall basis

The category of HNI was subscribed 1.94 times, but it was the Retail Category that dragged the IPO through, the IPO garnering 5.06 times subscription in the Retail Category. The IPO was rated with an IPO Grade 2/5 by credit rating agency CARE

Bharatiya Global Infomedia Ltd (BGIL) is a technology based company engaged in the business of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio

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