Birla Shloka FPO : Oversubscribed 1.43 times

by khalid on 14/01/2010 · 0 comments

Birla Shloka Edutech Ltd is a Yash Birla Group company. The company FPO was there in market between 11th Jan to 13th Jan 2010 to raise Rs 34.78 crores. The company has received total bids for 94.85 Lakh Equity Shares as against FPO of 66.17 Lakh Equity Shares.

The category-wise subscription details is as under:
QIB: 0.00 times
Non-Institutional Investors: 5.45 times
Retail: 1.76 times
Overall: 1.43 times

Proceeds from the issue will be used for capital expenditure for Turnkey Projects executed by the company under the BOOT model (Rs 15 crore); capital expenditure on upgradation of infrastructure and content development for XL@School (Rs 9.5 crore); funding the proposed M&A activities (Rs 4.5); for meeting the working capital requirements (Rs 2.13 crore) and issue expenses (Rs 3.03 crore).

Share’s Info :
BSE Code : 511607
NSE Code : BIRSHLEDU
Group : B
Market Cap. : Rs 34.11 crores
52 Week H/L : Rs 90.30/ Rs 19.05
PE ratio : 94.04
EPS : Rs. 0.62
Face Value : Rs 10.00
Birla Shloka share’s CMP is Rs 51.70 on 14th Jan 2010.

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