Prakash Constrowell IPO Latest News Today

Prakash Constrowell IPO allotment status is now available online.

Prakash Constrowell IPO was open on Sep 19, 2011 and closed on Sep 21, 2011. IPO was oversubscribed by 2.21 times (4.68 times in retail) on closing day.

Prakash Constrowell IPO finally subscribed 2.21 times on its closing day. Prakash Constrowell IPO was open on September 19, 2011 and closed today on September 21, 2011 for subscription. Prakash Constrowel has received bids for 1,01,96,600 shares as against issue size of 46,15,385 shares.

Subscription Detail for Day 3 (Closing Day)

Qualified Institutional Buyers (QIBs): 0.31 Times
Non Institutional Investors: 2.76 Times
Retail Individual Investors (RIIs): 4.68 Times

Total: 2.21 Times

Prakash Constrowell IPO subscribed 0.43 times on its day 1. Prakash Constrowell IPO opens today on September 19, 2011 and will close on September 21, 2011 for subscription. Prakash Constrowel has received bids for 19,89,300 shares as against issue size of 46,15,385 shares.

Subscription Detail for Day 1

Qualified Institutional Buyers (QIBs): 0.31 Times
Non Institutional Investors: 0.52 Times
Retail Individual Investors (RIIs): 0.56 Times

Total: 0.43 Times

Prakash Constrowell Ltd is entering in the capital markets with an initial public offering, IPO of 60 crores. The price band for the issue has been fixed at Rs 130/- at lower level and Rs 138/- at upper level.

Prakash Constrowell Ltd is a construction company engaged in the business of infrastructure development and civil construction. Company is headquartered at Nasik, Maharashtra. Prakash Constrowell has successfully execute a range of construction projects in the state of Maharashtra awarded by government and semi-government bodies, Operate & Transfer (BOT) project by way of Public-Private Partnership (PPP) model.

The issue opens on Sep 19, 2011 and closes for subscription on Sep 21, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).