Tuesday, October 14, 2008

Akali Metals IPO - Subscription Status

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Alkali Metals has decided to extend the last date for its IPO to October 15, 2008 in the price band of Rs 86 to Rs 103 per equity share of Rs 10 each due to adverse market conditions.

There is no revision in the minimum bid lot of 65 equity shares and in multiples of 65 equity shares thereafter. The company’s public issue of 25,50,000 equity shares in the price band of Rs 90 to Rs 105 per equity share was scheduled to close on October 10, 2008.

At the close of the IPO,
QII segment got subscribed by 0.715 times
NII segment got subscribed by 3.09 times
Retail segment got subscribed by 0.62 times

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