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Sep 07, 2012, 09.04 AM IST
The IPO of Thejo Engineering has received good response from investors on last day of subscription. The Rs 19-crore issue has subscribed 1.53 times as it received bids for 7.239 lakh equity shares as against issue size of 4.728 lakh shares.
The maximum bids were received at lower end of price band of Rs 402 430 a share. The reserve portion of qualified institutional investors was fully subscribed and retail portion got oversubscribed 2.61 times while non-institutional investors covered 91% of their total reserved portion.
Thejo Engineering is an engineering solution provider for bulk material handling, mineral processing and corrosion protection to the core sector industries like mining, power, steel, cement, ports, fertilizers etc.
IDBI Capital Market Services Ltd is the sole book running lead manager for the issue and Cameo Corporate Services Ltd is the registrar to the issue.
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