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Firstsource IPO – Overwhelming Response

Indian BPO firm Firstsource Solutions Ltd’s IPO has got an overwhelming response from investors in all segments.

By the time the IPO closed on Friday February 2nd, it had been oversubscribed more than 50 times.

The oversubscription details are as follows:

Qualified Institutional Buyers (QIBs) segment – 72 times.
Non Institutional Investors segment – 40 times.
Retail Individual Investors (RIIs) segment – 11.5 times.

Employee Segment – 2 times.
The stock may list around 85 against the (likely) issue price of 64.

This entry was posted on Saturday, February 3rd, 2007 at 12:48 am and is filed under Initial Public Offerings - IPOs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Firstsource IPO – Overwhelming Response”

  1. santosh dokania on February 17th, 2007 at 6:38 am

    where I get the Share application status of Firstsource Solutions Ltd?

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