The IPO of Birla Pacific Medspa Limited has received a very little response from the investors with the 3rd day subscription figure reached to just 0.70 times on an overall basis. Birla Pacific Medspa IPO (Initial Public Offering) opens on 20th Jun 2011 and will get closed on 23rd Jun 2011 for subscription. The IPO has managed to get a little bit better response from Qualified Institutional Buyers (QIBs) Category where it overbid by 0.99 times on the 3rd day of subscription. The price band for the issue is Rs 10 at lower level and Rs 11 at upper level. Birla Pacific Medspa Limited is a joint venture company of Yash Birla group and East Asia’s leading healthcare provider Pacific Healthcare which have presence in Singapore, Hong Kong, and China. Birla Pacific Medspa operates in healthcare centers under the brand name “EVOLVE” provides beauty related medical procedures in India.
The category-wise subscription status of IPO on closing of 3rd day is given below:-
Qualified Institutional Buyers (QIBs) : 0.99 times
Non Institutional Investors : 0.00 times
Retail Individual Investors : 0.58 times
Overall : 0.70 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 Arihant Capital Markets Limited.
Registrar of the Issue : Adroit Corporate Services Pvt Limited
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