Vishal Information Technologies Ltd IPO has been finally subscribed 1.19 times. The IPO is subscribed 2.19 times in Retail category. It was subscribed 0.21 till July 23, 2008. The final subscription details are given below:

Vishal Information Technology Ltd. IPO Subscription Details (Final):
QIB: 0.45 times
Non-Institutional Investors: 1.36 times
Retail: 2.19 times
Overall: 1.19 times

Vishal InfoTech IPO has received bids only in Retail category on day 1.The IPO was subscribed 0.0036 times in Retail Category till July 21, 2008 1700 hrs IST.

Vishal Information Technologies Ltd. is open from July 21, 2008 to July 24, 2008. It consists of 27,90,000 Equity Shares of Rs. 10/- each in a price band of Rs.140/- to Rs.150/- per equity share. The Bid quantity is 40 equity shares and in multiples thereof.

Vishal Information Technologies Limited engaged in the field of ITES/BPO services. Vishal Information Technologies Limited is a subsidiary of Tutis Technologies who are into Biometric Products, Software Development and consulting. Vishal Information Technologies Limited is one of the pioneers in the concept called “Digital Library for Visually Impaired and Blind” in respect of Classic series. Vishal Information Technologies Limited is now entering capital market with an IPO of 27,90,000 Equity Shares of Rs. 10/- each.

Vishal Information Technologies Limited IPO Details:
Issue Size: 27,90,000 Equity Shares of Rs. 10/- each
Issue Opens on: Monday, July 21, 2008
Issue Closes on: Thursday, July 24, 2008
Price Band: Rs.140/- to Rs.150/- per equity share
BRLM: Keynote Corporate Services Ltd
Registrar: Intime Spectrum Registry Ltd.