The initial public offering of Niraj Cement Structurals, which opened for subscription on 26-05-2008, was subscribed only 0.29 times till the close of the market on Tuesday. It received 9,51,810 bids out of which 6,81, 060 bids were received at the cut off price.
The retail portion of 10,23,750 shares was subscribed 0.53 times while non-institutional investor, qualified institutional buyers and the employee reservation portion did not received any subscription. The price band for the issue was fixed at Rs175-190 per share.
The retail portion of 10,23,750 shares was subscribed 0.53 times while non-institutional investor, qualified institutional buyers and the employee reservation portion did not received any subscription. The price band for the issue was fixed at Rs175-190 per share.
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