Cantabil Retail India Limited IPO : Finally subscribed 2.35 times

by khalid on 11/10/2010 · 0 comments

Cantabil Retail India Limited is a textiles, apparels and luxury goods comapny. The company is engaged in designing, manufacturing, branding, and retailing apparels under the CANTABIL and La FANSO names in India. The IPO of Cantabil Retail India Limited has received a so so response from the investors with the final over-subscription figure reached to just 2.35 times on an overall basis. Cantabil Retail India IPO was open on 22nd Sep 2010 and get closed on 27th Sep 2010 for subscription.The IPO has managed to get a respectively good response from Non Institutional Investors Category where it overbid by 3.83 times on the final day of subscription.

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

Qualified Institutional Buyers (QIBs) : 1.71 times
Non Institutional Investors : 3.83 times
Retail Individual Investors : 2.63 times
Overall : 2.35 times

The proceeds of this IPO will be used to establishment of new integrated manufacturing facility, expansion of exclusive brand outlets, additional working capital, repayment of debt, general corporate purposes and expenses for the IPO.

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 to the issue is Spa Merchant Bankers Ltd

Registrar of the Issue : Beetal Financial & Computer Services (P) Limited, New Delhi

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