Thursday, January 20, 2011

Tata Steel Ltd FPO subscribed 0.48 times on its day 2

Tata Steel Limited FPO subscribed 0.48 times on its day 2. Tata Steel FPO was open on Jan 19, 2011 and will close on Jan 21, 2011 for subscription. Tata Steel has received bids for 2,33,64,860 shares as against issue size of 4,86,75,000 shares.

Oversubscription detail for Day 2

Qualified Institutional Buyers (QIBs): 0.67 Times

Non Institutional Investors: 0.79 Times

Retail Individual Investors (RIIs): 0.20 Times

Employee: 0.00 Times

Total: 0.48 Times

Click on the below link for detail bidding info about Tata Steel Limited FPO: