Saturday, February 23, 2008

Rural Electrification Corporation Ltd final subscription detail

Hi Friends,

Rural Electrification Corporation Limited (REC) IPO oversubscribed by 27.76 times. Non Institutional category oversubscribed around 27.1192 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 39.3047 times.

Retail Individual Investors (RIIs) category oversubscribed 7.6789 times and Employees category oversubscribed 0.9411 times.

Rural Electrification Corporation Ltd IPO - Final bid details (information from NSE Website)

Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs) 91330200358970784039.3047
1(a)Foreign Institutional Investors (FIIs)2019127260
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)897848460
1(c)Mutual Funds672732120
2Non Institutional Investors1522170041280036027.1192
2(b)Individuals (Other than RIIs)121253880
3Retail Individual Investors (RIIs)456651003506566207.6789
3(a)Cut Off331684800
3(b)Price Bids 18971820
4Employee Reservation390300036729600.9411
4(a)Cut Off17460
4(b)Price Bids 3655500

Rural Electrification Corporation Ltd IPO Information, REC IPO Allotment Status, Rural Electrification IPO reviews and REC IPO Listing Date. Click on the below link to to find more detail about Rural Electrification Corporation Limited (REC) IPO:

Good Luck!