A2Z Maintenance and Engineering Services Ltd., which listed on the exchanges today, opened at Rs.390/- per share on the BSE as against the Issue Price of Rs.400/- per share. Amidst high turnover, the share kept drifting down and touched an Intra-day low of Rs.318.65 on the BSE, before closing the Listing Day at Rs.328.90, at a discount of 17.78% over the Issue Price

A2Z Maintenance and Engineering Services Ltd. is an engineering, procurement and construction (“EPC”) company, The IPO had finally managed to gather 0.96 times subscription on an overall basis on the closing day

The Equity Shares of A2Z Maintenance and Engineering Services Ltd. would be listed and admitted to the dealings on the exchanges with effect from Thursday, December 23, 2010 in the 'B' Group of Securities

A2Z Maintenance and Engineering Services IPO was subscribed 0.96 times on an overall basis and 0.33 times in the Retail Category

Click here for A2Z Maintenance and Engineering Services IPO Listing Details

ISIN: INE619I01012
Listing Date: Thursday, December 23, 2010
Listing Group: 'B' Group of Securities
BSE Scrip Code: 533292
NSE Symbol: A2ZMES
Issue Price: Rs.400/- per equity share

The IPO of A2Z Maintenance and Engineering Services Ltd., an engineering, procurement and construction (“EPC”) company, has finally managed to gather 0.96 times subscription on an overall basis.

The overall subscription is mainly on account of subscription received in the HNI Category, which is the only category having a respectable subscription status. The participation from other categories of investors including QIB and Retail Investors has been relatively very frail

A2Z Maintenance and Engineering Services Ltd. IPO was subscribed 0.81 times till Day 2, i.e. Thursday, December 9, 2010, with good subscription in HNI category and marginal subscriptions in other categories till the second day of the IPO

A2Z Maintenance & Engineering Services is an engineering, procurement and construction (“EPC”) company and provides services to the power transmission and distribution sector with a focus primarily on the distribution segment

(Click here to check out A2Z Maintenance & Engineering Services IPO - Final Subscription Status)

QIB: 0.68 times
Non-Institutional Investors: 3.12 times
Retail: 0.33 times
Employees: 0.32 times
Overall: 0.96 times

The IPO of A2Z Maintenance and Engineering Services Limited, which closed for subscription today, has been finally subscribed 0.96 times on an overall basis, which chief support from the HNI Category

A2Z Maintenance & Engineering Services is an engineering, procurement and construction (“EPC”) company and provides services to the power transmission and distribution sector with a focus primarily on the distribution segment

A2Z Maintenance and Engineering Services Ltd. IPO was subscribed 0.81 times till Day 2, i.e. Thursday, December 9, 2010, riding on HNI support, the category of HNI being overbid 4.25 times with marginal subscriptions in other categories till the second day


Related Posts:
- A2Z Maintenance & Engineering Services IPO - Final Subscription Status
- A2Z Maintenance and Engineering IPO - Bidding Status on Day 2
- A2Z Maintenance and Engineering IPO bid 0.72 times on Opening Day, squarely on HNI support
- A2Z Maintenance and Engineering IPO - Bidding Status on Day 1

QIB: 0.12 times
Non-Institutional Investors: 4.25 times
Retail: 0.04 times
Employees: 0.06 times
Overall: 0.81 times

A2Z Maintenance and Engineering IPO has been bid about 72% on an overall basis, chiefly on support from Non-Institutional Investors. The IPO, which has been assigned an IPO Grade 4/5 by credit rating agency CARE Limited, would remain open for subscription till Friday, December 10, 2010

The subscription of 0.72 times on an overall basis is mainly on account of HNI participation on the opening day with the category receiving bids for 13039320 Equity Shares as against 3199679 Equity Shares reserved for the category, thus taking the oversubscription in HNI Category to 4.08 times already. The Retail Category has received a paltry 1% subscription on the opening day and the subscriptions in the other categories have also been negligible so far

A2Z Maintenance & Engineering Services is an engineering, procurement and construction (“EPC”) company and provides services to the power transmission and distribution sector with a focus primarily on the distribution segment. Check back Indian IPO Blog regularly for latest updates on A2Z Maintenance and Engineering IPO!

QIB: 0.00 times
Non-Institutional Investors: 4.08 times
Retail: 0.01 times
Employees: 0.00 times
Overall: 0.72 times

A2Z Maintenance and Engineering IPO, which opened for subscription today, is bid 0.72 times on an overall basis till 1700 hrs IST on the opening day of the IPO as per data available on NSE website

A2Z Maintenance & Engineering Services is an engineering, procurement and construction (“EPC”) company and provides services to the power transmission and distribution sector with a focus primarily on the distribution segment

Check back Indian IPO Blog for A2Z Maintenance and Engineering Services IPO subscription status update on the opening day

A2Z Maintenance and Engineering IPO has received an IPO Grade 4/5 from credit rating agency CARE. An IPO Grade 4/5 from CARE indicates that the fundamentals of the company are relatively 'Above Average'

CARE assigns IPO Grades on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals.

CARE IPO Grading Document for A2Z Maintenance & Engineering Services IPO can be downloaded from here

Issue Opens on: Wednesday, December 08, 2010
Issue Closes on: Friday, December 10, 2010
Price Band: Rs.400/- to Rs.410/- per equity share
Bid Lot: 15 Equity Shares and in multiples thereof
Lead Manager: DSP Merrill Lynch Ltd., Enam Securities Private Ltd., ICICI Securities Ltd., IDFC-SSKI Private Ltd., SBI Capital Markets Ltd., YES Bank Ltd.
Registrar: Link Intime India Pvt. Ltd.

The bid lot or the market lot for the A2Z Maintenance and Engineering Services IPO is 15 Equity Shares and in multiples thereof. A2Z Maintenance and Engineering Services had set the price band for its IPO at Rs.400/- to Rs.410/- per equity share.

A2Z Maintenance & Engineering Services is an engineering, procurement and construction (“EPC”) company and provides services to the power transmission and distribution sector with a focus primarily on the distribution segment

DSP Merrill Lynch Ltd., Enam Securities Private Ltd., ICICI Securities Ltd., IDFC-SSKI Private Ltd., SBI Capital Markets Ltd., YES Bank Ltd. are the Book Running Lead Managers to the issue, whereas Link Intime India Pvt. Ltd. is the Registrar to the Issue

A2Z Maintenance and Engineering Services has set the price band for its upcoming IPO at Rs.400/- to Rs.410/- per equity share.

A2Z Maintenance & Engineering Services is an engineering, procurement and construction (“EPC”) company and provides services to the power transmission and distribution sector with a focus primarily on the distribution segment. IDFC Capital, DSP Merrill Lynch, Enam Securities, ICICI Securities and SBI Capital Markets are the Book Running Lead Managers to the issue

A2Z Maintenance and Engineering Services Ltd., an engineering, procurement and construction (EPC) service provider, is entering the capital markets with an IPO, which would open for subscription from Wednesday, December 8, 2010.

A2Z Maintenance & Engineering Services is an engineering, procurement and construction (“EPC”) company and provides services to the power transmission and distribution sector with a focus primarily on the distribution segment

Check back Indian IPO Blog for more details on A2Z Maintenance and Engineering Services Ltd. IPO!