Birla Cotsyn extended its IPO closing date to July 9, 2008 due to the poor sentiments in the market that forced the company to extend the closing date. Also, the price band for the issue was revised downward to Rs12-Rs14 per share from Rs15-Rs18 per share earlier. The issue received 3,31,80,350 bids, out of which 1,88,73,750 bids were received at the cut off price. The qualified institutional buyers' portion was subscribed 0.01 times, non-institutional investor portion was subscribed 1.16 times and the retail portion was subscribed 0.54 times.
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