REC FPO finally subscribed 3.14 times - Indian IPO Blog

Tuesday, February 23, 2010

REC FPO finally subscribed 3.14 times

The FPO of the state-run Rural Electrification Corporation Ltd., which closed for subscription today, has been subscribed 3.14 times on an overall basis. The QIB portion has been oversubscribed 5.52 times. However, Retail Investors have not shown much of a keen interest in the FPO with the category remaining subscribed at 0.23 times or 22.97% only.

REC FPO Bidding Status (Final) as on Tuesday, February 23, 2010 1800 hrs IST:
QIB: 5.52 times
Non-Institutional Investors: 2.05 times
Retail: 0.23 times
Employees: 0.85 times
Overall: 3.14 times

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