Indowind Energy IPO subscribed by 0.56 times

As per NSE website Indowind Energy IPO has been subscribed by 0.5 times as of 23rd August 2007. Till now qualified institutional investors have given support to the issue to get subscribed at least 0.56 times, as per NSE website.

QIBs portion subscribed 1.03 times followed by HNIs and retail investors with undersubscription.

Indowind Energy is open for subscription with initial public offering (IPO) of 1.25 crore equity shares of Rs 10 in the price band of Rs 55-65. The net issue would constitute 25 per cent of the fully diluted post issue paid-up capital of the company.

For  updates on Indowind IPO do check this blog regularly.