Oberoi Realty IPO : Finally subscribed 12.13 times

by khalid on 10/10/2010 · 1 comment

Mumbai based real estate developer Oberoi Realty is a construction company focused on premium developments in Mumbai. The IPO of Oberoi Realty Limited has received a good response from the investors with the final over-subscription figure reached to 12.13 times on an overall basis. Oberoi Realty IPO was open on 6th Oct 2010 and get closed on 8th Oct 2010 for subscription.The IPO has managed to garner a good response from Qualified Institutional Buyers Category where it overbid by 27.15 times on the final day of subscription.

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

Qualified Institutional Buyers (QIBs) : 27.15 times
Non Institutional Investors : 3.61 times
Retail Individual Investors : 0.94 times
Overall : 12.13 times

The IPO proceeds would be used for Construction of ongoing projects, Acquisition of land or land development rightsand General corporate purposes.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Book running lead managers to the issue are Kotak Mahindra, Enam Securities, JP Morgan India and Morgan Stanley India.

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

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