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KSK Energy Ventures IPO subscribed 1.50 times

Published on Wed, Jun 25, 2008 at 16:35 , Updated at Thu, Jun 26, 2008 at 09:14
Source : moneycontrol.com

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The IPO of KSK Energy Ventures has received decent response and is subscribed 1.50 times. Its has received total bids for 5,20,69,675 shares as against issue size of 3,46,11,000 shares, as per NSE website. Reserved portion of QIBs and non-institutional investors have given support to the issue.

Subscription Details

Investors

Times

Qualified institutional buyers

2.22

Non institutional investors

1.09

Retail individual investors

0.22

Total

1.50

 

 

 

 

The issue had opened on June 23, 2008. The price band is between Rs 240 to Rs 255 per equity share of Rs 10 each. The issue will constitute 10% of the post-issue equity share capital of the Company.

The equity shares are proposed to be listed on the BSE and the NSE. Fitch Ratings India Pvt Ltd has assigned a grade of 3 (ind) out of a maximum of 5 (ind) for the Issue. Kotak Mahindra Capital Company Ltd, IDFC-SSKI Pvt Ltd, Morgan Stanley India Company. Pvt Ltd, Lehman Brothers Securities Pvt Ltd and Edelweiss Capital Ltd are the BRLMs for the Issue and Axis Bank Ltd is the Co-BRLM for the Issue.

The promoter company KSK Energy currently holds 61.39% and LB India Holdings Mauritius I Ltd currently holds 31.57% of the pre-issue equity share capital of the Company.

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Its time to prepare shopping list guys !

ankur sir i have bebefitted from your advice always for the last few weeks i have been noticing that you come up on...

in IPO, New Issues - Guest at 16-Oct-08 06:50

new issues

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