Bharatiya Global Infomedia IPO (Initial Public Offering) : Subscribed 0.70 times on Day 3

by khalid on 14/07/2011 · 0 comments

The IPO of Bharatiya Global Infomedia Limited has received a very little response from the investors with the 3rd day subscription figure reached to just 0.47 times on an overall basis. Bharatiya Global Infomedia IPO (Initial Public Offering) opens on 11th July 2011 and will get closed 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 1.20 times on the 3rd day of subscription. The price band for the issue is 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 3rd day is given below:-

Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 0.29 times
Retail Individual Investors : 1.20 times
Overall : 0.47 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.

Stay tuned to BelltheBull Blog for more on Bharatiya Global Infomedia IPO !

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