C Mahendra Exports Limited IPO : Subscribed 0.32 times on Day 3

by khalid on 05/01/2011 · 0 comments

The IPO of C Mahendra Exports Limited has received a minimal response from the investors with the 3rd day over-subscription figure reached to just 0.72 times on an overall basis. C Mahendra Exports Limited IPO is open on 31st Dec 2010 and will get closed on 6th Jan 2011 for subscription. The IPO has managed to get some what better response from Retail Individual Investors Category where it overbid by 1.03 times on the 3rd day of subscription. The price band for the issue was Rs 95 at lower level and Rs 110 at upper level. C Mahendra Exports Ltd is one of the leading diamantaire and Jewellery Company, engaged is in the business of manufacturing and trading of diamonds, precious stones and jewellery.

The category-wise subscription status of IPO on closing of 3rd day is given below:-

Qualified Institutional Buyers (QIBs) : 0.43 times
Non Institutional Investors : 0.95 times
Retail Individual Investors : 1.03 times
Overall : 0.72 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 Book Running Lead Managers (BRLM) to the offer are Anand Rathi Securities Limited and YES Bank Limited.

Registrar of the Issue : Link Intime India Private Ltd. Mumbai.

Stay tuned to BelltheBull Blog for more on C Mahendra Exports Limited IPO !

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