Jaypee Infratech IPO Price Set at Lower End – Rs 102 per share
Infrastructure firm Jaypee Infratech has priced its initial public offer (IPO) at the lower end of the Rs 102-117 a share price band following lukewarm investor response to the issue. Retail investors will be issued shares at 5% discount to the IPO price.
Jaypee Infratech’s IPO was subscribed 1.24 times and got bids for 27.39 crore shares as compared with 22.17 crore shares on offer. The IPO was a combination of fresh issue of equity shares and an offer for sale of 6 crore equity shares by Jaiprakash Associates. The IPO was open for bidding during the period from 29 April 2010 to 4 May 2010.
The qualified institutional buyers’ (QIB) portion was bid 1.77 times. The non-institutional investors (NII) segment which includes corporates and high networth individuals was bid 1.15 times. The retail investors segment was subscribed 0.61 times.
*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment