GPPL IPO oversubscribed more than 19 times - Indian IPO Blog

Thursday, August 26, 2010

GPPL IPO oversubscribed more than 19 times

Gujarat Pipavav Port IPO has received an outstanding response and is overbid more than 19 times on an overall basis with Retail Category getting oversubscribed more than 6 times till 5:00 PM on the closing day, as per data available on the NSE website

Gujarat Pipavav Port IPO had managed to garner an overall subscription of 7.23 times till Day 3, chiefly on support from QIB Category which was overbid 13.20 times till Day 3. Gujarat Pipavav Port Limited (GPPL), is the developer and operator of APM Terminals Pipavav, located in the Saurashtra region of Gujarat. Gujarat Pipavav Port IPO was assigned a "CRISIL IPO Grade 4/5" (Click here for more on GPPL IPO Rating from CRISIL)

Stay tuned to Indian IPO Blog for precise category-wise subscription figures of GPPL IPO!

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