The IPO of KSK Energy Ventures was subscribed 1.50 times on Wednesday. The public issue of 3,46,11,000 received 5,19,68,500 bids. The qualified institutional buyers portions was subscribed 1.81 times, non institutional investors portion was subscribed 0.03 times and the retail portion of 1,03,83,300 did not received any subscription. Around 20,10,950 bids were received at the cut off price. The price band for the issue was Rs240-255 per share.
Showing posts with label KSK Energy Ventures. Show all posts
Showing posts with label KSK Energy Ventures. Show all posts
Thursday, June 26, 2008
Tuesday, June 24, 2008
KSK Energy Ventures IPO Received Good Response - June24 , 2008
The IPO of KSK Energy Ventures was subscribed 0.94 times on Monady i.e the on first day of the issue. The issue received 3,26,91,925 bids against the issue of 3,46,11,000. Out of this10,975 bids were received at the cut off price. The price band for the issue is Rs240-255 per share. This issue is the 10% of the post issue share capital.
The company will be investing part of the funds in Wardha Power Company to finance the equity component of the 1800 mw coal based thermal power plant at Chattisgarh.
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