Ramky Infra IPO : Finally subscribed 2.89 times

by khalid on 24/09/2010 · 0 comments

Ramky Infrastructure Limited is a Hyderabad-based diversified infrastructure and waste management solutions provider. The IPO of Ramky Infrastructure Limited has received a nominal response from the investors with the final over-subscription figure reached to 2.89 times on an overall basis. Ramky Infra IPO was open on 21st Sep 2010 and closed on 23rd Sep 2010 for subscription.The IPO has managed to garner a good response from Qualified Institutional Buyers (QIBs) Investors Category where it overbid by 4.52 times on the final day of subscription.

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

QIB : 4.52 Times
Non-Institutional Investors : 1.45 Times
Retail Investors : 0.99 Times
Overall : 2.89 Times

The proceeds of the issue will be used for investment in capital equipments, meet the working capital requirements, repayment of loans and general corporate purposes.

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

The book running lead managers to the issue are Enam Securities and Deutsche Equities and Deutsche Equities India Private Limited.

Registrar of the Issue is Karvy Computershare Private Limited Hyderabad .

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