News

Man Infra IPO subscribed 62 times
By SiliconIndia   |   Monday, 22 February 2010, 22:33 Hrs
Print Email
Man Infra IPO subscribed 62 times
Mumbai: Man Infra Construction's initial public offering (IPO), which closed on Monday, was subscribed 62.53 times. This is highest number of times that an issue has been subscribed after the Reliance Power issue in January 2008, which was subscribed 72 times.

The issue, through which Man Infra planned to raise around 142 crore, received bids for 29 crore shares against the 46.53 lakh shares on offer. The price band for the issue was 243-252. The portion reserved for qualified institutional buyers was subscribed 96.06 times; that for high net worth individuals 104.57 times and retail 10.26 times.

A total of 9.72 lakh shares were subscribed to by eight anchor investors at 252 a share, raking in 24.49 crore. The anchor investors were Nomura Asset Management Singapore, Reliance Capital Trustee, Legg Mason Asia Enterprise, Monsoon India Inflection Fund, Axis Mutual Fund and India Diversified (Mauritius).

Write your comment now
 
Beautiful and dress selection, please go to Dresses
Sign Up for DailyDose and Read the Day's Highlights
Email:
SiliconIndia:  About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap
News:       Technology   |   Enterprise   |   Tech Products   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Dailydose   |   News archive  
Network:      Network   |   Profile   |   Messages   |   Find   |   Blogs   |   Events   |   Q&A   |   CXO Insights  
Career:      Jobs   |   Companies   |   Mentorship   |   Videos   |   Career blogs  |   Training Institute  |   Freshers
Online courses:   Web developer   |   Java developer   |   CCNA training   |   SEO   |   SAS   |   SQL server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Overseas Education   |   Internship
Life:           Jokes   |   Bookstore   |   Relocate  |   Marketplace
Cities:         Startup   |   Real estate   |   Finance  
Send your and help us continue to improve SiliconIndia
© 2012 SiliconIndia all rights reserved