Acropetal Technologies IPO : Subscribed 0.10 times on Day 1

by khalid on 21/02/2011 · 0 comments

The IPO of Acropetal Technologies Limited has received a very little response from the investors with the 1st day over-subscription figure reached to just 0.10 times on an overall basis. Acropetal Technologies IPO is open on 21st Feb 2011 and will get closed on 24th Feb 2011 for subscription. The IPO has managed to get some what better response from Retail Individual Investors Category where it overbid by 0.26 times on the 1st day of subscription. The price band for the issue is Rs 88 at lower level and Rs 90 at upper level. Acropetal Technologies Limited is mid-tier IT services and products firm which offers Information Technology (IT) outsourcing services to clients in Engineering Design Services, Healthcare, and Energy and Environment sectors.

The category-wise subscription status of IPO on closing of 1nd day is given below:-

Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 0.09 times
Retail Individual Investors : 0.26 times
Overall : 0.10 times

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Sole Book Running Lead Manager (BRLM) to the offer is Saffron Capital Advisors Private Limited.

Registrar of the Issue : Sharex Dynamic (India) Pvt. Ltd. Mumbai.

Stay tuned to BelltheBull Blog for more news on Acropetal Technologies IPO !

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