Thursday, March 12, 2015

Adlabs revised its price band and extended the closing date

Adlabs Entertainment Ltd has extended the closing date for it's IPO due to lukewarm response from investors. Issue was planned to close today but now it will close on March 17, 2015. Accordingly, the price band has been revised to Rs. 180/- to Rs. 215/- from the existing price band of Rs. 221/- to Rs. 230/-.

Adlabs Entertainment IPO subscribed 0.44 times on day 3. Issue has received bids for 76,89,760 shares as against issue size of 1,76,04,092 shares. Retail investors will get discount of Rs. 12. Adlabs Entertainment IPO shares are proposed to be listed on the BSE and NSE.