|
|
Article: India: Austroke Coke IPO subscribes fully on day 1.
- Article from:
- TendersInfo
- Article date:
- August 8, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: kavita03
Initial public offering (IPO) of Austral Coke, a manufacturer of Lam Coke, has managed to get full subscription on day 1 itself. It has been subscribed 1.13 times as on Thursday, August 7. It received total of 81.77 million bids, while 2.43 million bids were received at cut-off price.
Austral Coke enters the capital market on Thursday, with an initial public offering of 7.26 million equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.
Additionally, the company is also offering green shoe option of upto Rs 10.89 million equity shares which will also be at cash.
The price ...