DCB IPO fully subscribed
The Bank, which had entered the capital market with an issue of 7.15 crore equity shares received 7,95,44,750 bids for the offering, according to information on the stock exchanges.
By PTI |
MUMBAI: The Initial Public Offer of Developement Credit Bank has been fully subscribed on Tuesday, while other five ongoing IPOs are still undersubscribed.
The Bank, which had entered the capital market with an issue of 7.15 crore equity shares received 7,95,44,750 bids for the offering, according to information on the stock exchanges.
The price band for the issue has been fixed at Rs 22- 26 per share and the issue will close on October six.
The other five ongoing IPOs have got weak response from investors and have failed to get fully subscribed.
Accel Frontline, which is issuing over 56.35 lakh equity shares, received bids of only 2.74 per cent of the offered amount.
The price band for the offer has been fixed at Rs 75-90 per share.
Hanung Toys and Textiles public offer of 95 lakh equity shares also received disappointing response from the investors as its got subscribed only 55.83 per cent of the offer.
While, JHS Svendgaard Laboratories Initial Public Offer, which closes tomorrow remained under subscribed with about 86 per cent bids for the issue of 62 lakh equity shares.
Another public offer Global Vectra Helicorp remained undersubscribed with only 0.26 per cent bids for the offered 35 lakh equity shares today and the issue will close on 6 October.
The price band has been fixed at Rs 175- 200 per share.
Minar International Ltd's IPO received 42 per cent subscribtions for its offer of over 69.23 lakh equity shares.
The issue closes on 5 October and the price band for the issue has been fixed at Rs 100-115 per share.
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