Saturday, October 29, 2005

Prithvi Information IPO subscribed 16.31 times

Prithvi Information Solutions IPO closed yesterday. The issue has been subscribed 16.31 times, as per the NSE website.
The QIBs portion has been subscribed 12.45 times. The non-institutional investors portion has been subscribed 37.05 times. The retail investors portion has been subscribed 17.07 times. The employees portion has been subscribed 1.63 times.
The company entered the capital market on October 25, with a public issue of 50 lakh equity shares of Rs 10 each for cash.
Its price band was fixed at Rs 250-270 per equity share of face value of Rs 10 each.
The book running lead managers for the issue were Anand Rathi Securities, Karvy Investor Services and SREI Capital Markets. The equity shares of the company will be listed on the BSE and NSE.


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