VA Tech Wabag Limited IPO : Finally subscribed 48.55 times

by khalid on 27/09/2010 · 0 comments

VA Tech Wabag Limited is Chennai based water treatment projects company. The company is a Group Company of Deutsche Babcock, Germany. The IPO of VA Tech Wabag Limited has received a good response from the investors with the final over-subscription figure reached to 48.55 times on an overall basis. VA Tech Wabag Limited IPO was open on 22nd Sep 2010 and closed on 27th Sep 2010 for subscription.The IPO has managed to garner a tremendous response from Non Institutional Investors Category where it overbid by 100.98 times on the final day of subscription.

The category-wise subscription status of VA Tech Wabag Limited IPO on closing day is given below:-

QIB : 36.13 Times
Non-Institutional Investors : 100.98 Times
Retail Investors : 8.55 Times
Overall : 48.55 Times

The proceeds of this IPO will be used to funding working capital requirements of the Company, construction of a corporate office at Chennai, implementation of global IT systems and
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).

The book running lead managers to the issue are Enam Securities Private Limited and IDFC-SSKI Private Limited.

Registrar of the Issue is Karvy Computershare Private Limited Hyderabad .

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