Monday, June 30, 2008

Somi Converyor IPO - Subscription Status

Somi Conveyor had entered the Capital markets on 24th June, 2008 with an Issue of 62,27,860 Equity shares of Rs 10 each at a fixed price of Rs 35 (including a premium of Rs 25 per equity share) aggregating to Rs 2179.75 Lakhs. The net issue to the public would constitute 40% of the fully diluted post issue paid up capital of the company.

The fixed price IPO of Somi Conveyor Beltings Ltd has been subscribed 1.92 times even when the stock markets are witnessing heavy selling pressure.

Watchout this blog for all the updates on allotment and listing!

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