IT People India, which came out a follow on public issue of face value of Rs 2 each at a price band of Rs 30 to Rs 32 per equity share, has withdrawn their FPO due to poor subscription, which was subscribed just 0.30 times, as per NSE India website.
The stock has opened lower at Rs 32.70 and touched a low of Rs 31, a dip of 10% against its previous close of Rs 34.40.
TheIT People India FPO(Follow on public issue) of equity shares was scheduled to close on August 31, 2007. The company has announced that it had withdrawn the issue and would refund the entire amount received via applications.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment