IL&FS Transportation IPO subscription is climbing and stands at more than 33 times till 1800 hrs IST as per data available on the NSE Website. The Retail Category has also been oversubscribed by atleast about 3 times

Check back Indian IPO Blog for latest updates on IL&FS Transportation Networks IPO Bidding Status!

Update: IL&FS Transportation IPO closes with magnificent oversubscription

Pradip Overseas IPO has been overbid by about 13.70 times till 5:00 PM as per data available on the NSE website. The IPO, which closes for subscription today, was oversubscribed 2.27 times till the second day of its opening with Retail Category getting oversubscribed 1.96 times

Stay tuned to Indian IPO Blog for detailed Subscription Status of Pradip Overseas IPO!

The Issue Price for the Follow-on Public Offer of NMDC Ltd. is fixed at Rs.300/- per equity share, which is the floor price of the Price Band of Rs.300/- to Rs.350/- per equity share. As declared earlier, Retail Investors will receive a 5% Discount on the Issue Price. Thus, Retail Investors will get Rs.15 as discount to the Issue Price of Rs.300. Consequently, the Retail Investors will get Equity Shares at Rs.285/- per equity share

The Follow-on Public Offer (FPO) of National Mineral Development Corporation (NMDC) Limited, a fully owned Government of India public enterprise, which had opened for subscription from Wednesday, March 10, 2010, had received an average response from Investors with the IPO finally getting subscribed 1.25 times on an overall basis, with major subscription coming only from the QIB Category, which was overbid 2.28 times.

The response from the other categories was also keen. Even the response from Retail Investors was unenthusiastic with the FPO managing only 22% subscription in Retail Category

As per data available on the NSE website, the IPO of IL&FS Transportation Networks Ltd., has been oversubscribed more than 24 times till 1600 hrs IST on its closing day. The IPO has received total bids for 580228225 Equity Shares till 1600 hrs IST

Stay tuned to Indian IPO Blog for final and precise subscription status of IL&FS Transportation IPO!

Update: IL&FS Transportation IPO closes with magnificent oversubscription

The IPO of IL & FS Transportation Networks Limited, a surface transportation infrastructure company, and one of the largest private sector BOT road operators in India, closes for subscription today. The IPO has received an average response till second day of the IPO, with overall subscription figure standing at 1.86 times till the second day. The IPO, which opened on Thursday, March 11, 2010, was subscribed 34% till the first day

Also closing today is the Pradip Overseas IPO, which is subscribed 2.27 times till Day 2 of its opening

Stay tuned to Indian IPO Blog for regular updates on IL&FS Transportation Networks IPO Bidding Status and Pradip Overseas IPO Bidding Status!



Update: IL&FS Transportation IPO closes with magnificent oversubscription

Persistent Systems Ltd., a company engaged in the business of outsourced software product development (OPD) services, is entering capital markets with an IPO of 5,419,706 Equity Shares of Rs.10 each.

Established in 1990, Persistent Systems is a technology company specializing in outsourced software product development (OPD). Its main focus is in the area of telecommunications, life sciences and infrastructure and systems. It designs, develops and maintains software systems and solutions, create new applications and enhance the functionality of customers‘ existing software products

The IPO would consist of 5,419,706 Equity Shares of Rs.10 each. The issue comprises of a net issue to the public of 48,77,730 shares and a reservation of up to 5,41,976 equity shares for eligible employees. The IPO would remain open for subscription between Wednesday, March 17, 2010 and Friday, March 19, 2010

Issue Size: 5,419,706 Equity Shares of Rs.10 each
Issue Opens on: Wednesday, March 17, 2010
Issue Closes on: Friday, March 19, 2010
Price Band: Rs.290/- to Rs.310/- per equity share
Bid Lot: 20 Equity Shares and in multiples thereof
Listing At: BSE, NSE
Lead Managers: Enam Sec. Pvt. Ltd., J.P. Morgan India Pvt. Ltd.
Registrar: Link Intime India Pvt. Ltd.