Adlabs Entertainment IPO gets 47% subscription

The initial public offering has been subscribed 47% till 1700 hours, according to NSE data.

Mar 15, 2015 07:03 IST India Infoline News Service

The initial share sale of Adlabs Entertainment got subscribed 47% on the fourth day of offer, according to reports.
The IPO's price was lowered to Rs 180-215 from Rs 221-230 per share while the closure date was extended to March 17.
Report said that the The initial public offering has been subscribed 47 per cent till 1700 hours, according to NSE data. 
The quota for qualified institutional investors received 40% subscription, while that for non-institutional investors got subscribed 11 per cent, says report.
Adlabs Entertainment is promoted by Manmohan Shetty.

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