Thursday, February 24, 2011

Sudar Garments IPO finally subscribed 1.55 times

Sudar Garments Ltd IPO finally subscribed 1.55 times on its last day. Sudar Garments IPO was open on Feb 21, 2011 and closed today for subscription. Sudar Garments has received bids for 67,45,761 shares as against issue size of 90,88,000 shares.

Oversubscription Detail -

Qualified Institutional Buyers (QIBs): 0.17 Times

Non Institutional Investors: 4.47 Times

Retail Individual Investors (RIIs): 2.27 Times

Total: 1.55 Times

Click here to find more detail about Sudar Garments Ltd IPO