Saturday, July 5, 2008

Birla Cotsyn IPO - Subscription Status

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The initial public offering of Birla Cotsyn, engaged in textile manufacturing, has not subscribed fully yet. It has been subscribed 1.11 times.

The issue had opened for subscription with an IPO on June 30, 2008 to raise Rs 144.18 crore. A price band was between Rs 15-18 per equity share of face value of Rs 10 each. The issue was earlier to be closed for subscription on July 4, 2008. However, since the IPO did not get fully subscribed, the offer price has been revised to Rs 12 to Rs 15 and the new close date is July 9, 2008.

At the end of the day July 4,
QII segment was subscribed 0.016 times
NII segment was subscribed 5.75 times
Retail segment was subscribed 0.92 times
Employee reservation segment was subscribed 0.04 times

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