KSK Energy Ventures IPO receives 1.50 times subscription

The Initial Public Offering (IPO) of KSK Energy Ventures Limited which opened for subscription on Jun 23, 2008 has received subscription of 1.50 times till 5:30 PM on June 25, 2008.The company has come out with an IPO of 3,46,11,000 EQUITY SHARES of Rs 10 each for cash at a price band of RS.240 TO RS.255 through 100% book-building process.The issue has received subscription of 1.50 times till 5:30 PM on June 25, 2008.The issue has received bids for 52069675 equity shares against the offer of 34611000 equity shares. The issue has received bids for 2103825 shares at cut-off price.The Qualified Institutional Buyers (QIBs) portion of the issue has received bids for 6002575 equity shares against the offer of 20766600 shares resulting in a subscription of 2.2152 times.The Non Institutional Investors portion of the issue has received subscription of 1.0885 times with bids for 3767250 equity shares against the offer of 3461100 shares.The Retail Individual Investors (RIIs) portion of the issue has received bids for 2299850 equity shares against the offer of 10383300 equity shares resulting in a subscription of 0.2215 times.The issue closed for subscription on June 25, 2008.