The IPO of Intrasoft Technologies Ltd., the company which provides electronic greeting card services through website, 123greetings.com, has been fully subscribed on the second day of the IPO on an overall basis. The IPO has been fully subscribed in QIB and HNI Categories, which are bid 1.69 times and 1.22 times respectively. Retail Investors have not shown too much of enthusiasm towards the IPO till second day.
Intrasoft Technologies IPO Bidding Status as on Thursday, March 25, 2010 1700 hrs IST:
QIB: 1.69 times
Non-Institutional Investors: 1.22 times
Retail: 0.35 times Overall: 1.15 times
Intrasoft Technologies IPO has been subscribed 57% times on the first day. The response has been more or less lukewarm on the first day, with Retail Category getting only 4.82% subscription on Day 1. Following is the Subscription Status of Intrasoft Technologies IPO on First Day:
Intrasoft Technologies IPO Bidding Status as on Tuesday, March 23, 2010 1700 hrs IST:
QIB: 0.89 times
Non-Institutional Investors: 0.72 times
Retail: 0.05 times
Overall: 0.57 times
Intrasoft Technologies Limited provides electronic greeting card services through website, 123greetings.com, which is the largest electronic greeting cards website in India and 2nd largest in the world. 123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events
Intrasoft Technologies Ltd., the Company that operates the website http://www.123greetings.com, is coming up with an IPO of 37,00,000 Equity Shares of Face Value of Rs.10 each.
123greetings has range of over 20,000 electronic greeting cards designed to cater to varying geographical and religious celebrations, occasions and other events. The shares of Intrasoft Technologies will be listed on the BSE and NSE. Intrasoft Technologies IPO would remain open for subscription between Tuesday, March 23, 2010 and Thursday, March 26, 2010
Stay tuned to Indian IPO Blog for latest updates on Inrasoft Technologies IPO!
Indian IPO Blog features the latest news, views and happenings in the Indian IPO markets and personal finance world in general
We strive to offer the best on the latest happenings in the Indian IPO markets and stock markets in general
Indian IPO Blog has presence across social media with more than 5000 Whatsapp Members and several followers on Facebook and Twitter