HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  


Search:



The Web

Rediff








Business
Portfolio Tracker
Business News
Specials
Columns
Market Report
Mutual Funds
Interviews
Tutorials
Message Board
Stock Talk
Press Releases



Home > Business > PTI > Report

MUL IPO gets over 5 cr bids on Sat

June 14, 2003 18:02 IST

Auto major Maruti Udyog Ltd's initial public offering continues to ride high with bids for over five crore (50 million) shares coming in on the third day on Saturday.

The issue of 7.2 crore (72 million) shares through the book building route has so far received bids aggregating 25.06 crore (250.6 million) shares with maximum bids falling in the price range of Rs 115-Rs 125 per share resulting in collections of over Rs 2,800 crore (Rs 28 billion).

Maximum bids continued to be at Rs 120 per share as against the floor price of Rs 115 per share, merchant banking sources said adding, today they received subscription for 5.39 crore (53.9 million) shares.

The company would hold its roadshow in Dubai on Sunday in a bid to attract investment from non-resident Indians.

Till Friday, the total bids received by the company stood at 19.67 crore (196.7 million) shares.



© Copyright 2003 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.





Article Tools

Email this Article

Printer-Friendly Format

Letter to the Editor



Related Stories


MUL IPO oversubscribed 4.19 time

Shourie elated with Maruti IPO

Maruti IPO bids to open on Thu



People Who Read This Also Read


Kerala to set up bank for NRIs

BIL names firm to probe papers

Individuals book 30% shrs in MUL







HOME   
   NEWS   
   BUSINESS   
   CRICKET   
   SPORTS   
   MOVIES   
   NET GUIDE   
   SHOPPING   
   BLOGS  
   ASTROLOGY  
   MATCHMAKER  
© 2003 rediff.com India Limited. All Rights Reserved.