22nd
November
2010
RPP Infra Projects IPO subscribed 2.97 Times
posted in News |
The IPO by the RPP Infra Projects has received an excellent response from investors and was subscribed three times when the issue closed this evening, according to data available on the NSE website. The company received overwhelming response from individual retail investors following the SEBI raising the upper investment limit to Rs 2 lakh from Rs 1 lakh for retail investors.
The reserved portion of non-institutional and retail investors subscribed 7.27 times and 5.6 times, respectively. Qualified institutional investors’ portion got subscribed just 0.16 times.
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on Monday, November 22nd, 2010 at 10:55 pm and is filed under News.
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