The IPO of Bharatiya Global Infomedia Limited has finally managed to subscribe 2.06 times on the support of Retail Individual Investors. Bharatiya Global Infomedia IPO (Initial Public Offering) opens on 11th July 2011 and got closed today on 14th July 2011 for subscription. The IPO has managed to get a little bit better response from Retail Individual Investors (RIIs) Category where it overbid by 5.06 times on the final day of subscription. The price band for the issue was Rs 75 at lower level and Rs 82 at upper level. Bharatiya Global Infomedia Limited (BGIL) is in the business of Information Technology Based Solutions-RFID & Smart Card and Digital Post Production Studio.
The category-wise subscription status of IPO on closing of the final day is given below:-
Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 1.94 times
Retail Individual Investors : 5.06 times
Overall : 2.06 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 issue is Almondz Global Securities Limited.
Registrar of the Issue : Karvy Computershare Private Limited.
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