wordpress blog stats
Connect with us

Hi, what are you looking for?

Day 2: 123Greetings.com IPO Subscribed 1.15 Times

In its second day, the Initial Public Offering from IntraSoft Technologies, which operates 123greetings.com, has been subscribed 1.15 times. Foreign Institutional Investors have kept the pace going with a subscription of 3.12 million shares, but still no luck with domestic financial institutions and mutual funds. Shares allotted to the QIBs have been subscribed 1.69 times. Today is the last day of the initial offering. Non-Institutional investors have oversubscribed their allotted number of shares by 1.22 times as compared to 0.72 times the first day.



Corporates have bid for 559,280 shares and individuals besides retail individual investors have bid for 116,920 shares. For the second day running there is only lukewarm response from retail individual investors who have only taken up 35.16 percent of the total 1.295 million shares allotted. The bid can be tracked live on BSE (Java required). Subscription details are also available on NSE.

Related:
123Greetings IPO Subscribed 0.57 Times On First Day
123Greetings IPO Band At Rs 137 To Rs 145; Advertising Spends Planned

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

News

Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

News

The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

News

Releasing the policy is akin to putting the proverbial 'cart before the horse'.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ