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Saturday, Jul 16, 2005

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IDFC public offer subscribed 14 times

MUMBAI: The initial public offering of Infrastructure Development Finance Co. Ltd has been fully subscribed 14 times.

The issue was subscribed within a few minutes after it opened for bidding. IDFC is raising around Rs 1,300 crore through this issue of 40.3 crore shares.

The price band is between Rs 29 and Rs 34.

The issue closes on July 22. The book running lead managers to the issue is Kotak Mahindra Capital Co. Ltd, along with SBI Capital Markets Ltd and DSP Merrill Lynch Ltd.

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IDFC public offer subscribed 14 times

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