Gyscoal Alloys IPO fully subscribed on opening day - Indian IPO Blog

Thursday, October 14, 2010

Gyscoal Alloys IPO fully subscribed on opening day

Gyscoal Alloys IPO has received a welcoming response from both the HNI as well as Retail Category with the two categories getting overbid by 4.62 times and 2.43 times on the first day itself. This is despite the fact that no bids were received in the QIB Category as on the opening day, as per data available on the NSE Website. The encouraging response from the HNI and Retail Category has taken the overall subscription to about 1.54 times

Gyscoal Alloys Limited (GAL) is in the business of trading of iron & steel products and steel rolling mill. Gyscoal Alloys Limited manufactures different grades of Stainless Steel products

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