IL&FS Transportation IPO closes with magnificent oversubscription - Indian IPO Blog

Monday, March 15, 2010

IL&FS Transportation IPO closes with magnificent oversubscription

IL&FS Transportation Networks Limited IPO has received a spirited response from investors, with the IPO closing with a splendid overall oversubscription of 33.42 times. The IPO has been braced with oversubscriptions in all the three categories, with the QIB Category attracting oversubscription of 52.61 times. The Retail Category has also received decent oversubscription, which stands at 4.56 times. Click here for IL&FS Transportation IPO category-wise Subscription Status (Final)

IL&FS Transportation Networks Limited is a surface transportation infrastructure company and one of the largest private sector BOT road operators in India. ITNL was incorporated by IL&FS (an infrastructure development and finance company) in 2000, in order to consolidate their existing road infrastructure projects and to pursue various new project initiatives in the area of surface transportation infrastructure. The IPO had opened for subscription from Thursday, March 11, 2010

Stay tuned to Indian IPO Blog for IL&FS Transportation IPO Allotment and Listing Info

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