Ortel Communications IPO subscribed 75% on last day issue

The IPO was priced between Rs 181 and Rs 200/share.

Mar 09, 2015 06:03 IST India Infoline News Service

Ortel Communications initial public offering received bids for 71,23,125 shares against an offer of 94,42,575 scrips, reflecting a subscription of 0.75 times, according to NSE data. 
The IPO was priced between Rs 181 and Rs 200/share. 
The IPO opened on March 3 and closed on March 5.
The Book Running Lead Manager to the Issue is Kotak Mahindra Capital Company Limited.

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