AurionPro IPO oversubscribed- The Economic Times
The initial public offering of AurionPro Solutions Ltd was oversubscribed 13.53 times. The IPO closed yesterday on October 4, 2005.
According to information available, The Institutional (QIB) quota was oversubscribed by 6.34 times, non institutional (HNI) category was oversubscribed 12.42 times, retail was oversubscribed 27.46 times, and employees was oversubscribed 1.27 times.
Against 13,75,000 equity shares available for allocation to Qualified Institutional Buyers, the company received bids for 87,17,660 equity shares. In the non-institutional portion, the company received bids for 51,24,140 equity shares against 4,12,500 equity shares available for allocation.
The company received bids from retail category for 2,64,33,120 equity shares against 9,62,500 equity shares available for allocation. The company also received bids for 3,16,610 equity shares against a reservation of 2,50,000 equity shares for employees. The company came out with an IPO for 30 lakh equity shares of Rs 10 each at a price band of Rs 81 - Rs 90 representing 25.44% of the post issue paid-up capital of the company.
The price will be determined based on the book that has been built during the bidding process. The Book Running Lead Managers to the issue are Centrum Capital Limited and Karvy Investor Services Limited.
The Company proposes to list its equity shares on Bombay Stock ExchangeLimited (BSE) and National Stock Exchange of India Limited (NSE). AurionPro Solutions Ltd. Is an ISO 9001:2000 certified company, headquartered in Mumbai, India with a subsidiary each in Singapore and USA.
According to information available, The Institutional (QIB) quota was oversubscribed by 6.34 times, non institutional (HNI) category was oversubscribed 12.42 times, retail was oversubscribed 27.46 times, and employees was oversubscribed 1.27 times.
Against 13,75,000 equity shares available for allocation to Qualified Institutional Buyers, the company received bids for 87,17,660 equity shares. In the non-institutional portion, the company received bids for 51,24,140 equity shares against 4,12,500 equity shares available for allocation.
The company received bids from retail category for 2,64,33,120 equity shares against 9,62,500 equity shares available for allocation. The company also received bids for 3,16,610 equity shares against a reservation of 2,50,000 equity shares for employees. The company came out with an IPO for 30 lakh equity shares of Rs 10 each at a price band of Rs 81 - Rs 90 representing 25.44% of the post issue paid-up capital of the company.
The price will be determined based on the book that has been built during the bidding process. The Book Running Lead Managers to the issue are Centrum Capital Limited and Karvy Investor Services Limited.
The Company proposes to list its equity shares on Bombay Stock ExchangeLimited (BSE) and National Stock Exchange of India Limited (NSE). AurionPro Solutions Ltd. Is an ISO 9001:2000 certified company, headquartered in Mumbai, India with a subsidiary each in Singapore and USA.
posted by Sensex-Blog Admin at 4:05 AM
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