Brooks Laboratories Limited which had tapped the capital markets with its IPO in a price band of Rs 90-100 was subscribed. The price band was Rs 90-100 and this company as is the practice followed by the merchant banker chose not to have any road show for the IPO. The issue did not receive a single bid from any QIB indicating the fundamentals of the company.
The overall issue was subscribed 1.60 times with the bulk of the subscription coming from the retail category.
The details of the subscription level in various categories are given below: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 3500000 | NIL | 0.00 |
| NII | 1050000 | 2964600 | 2.82 |
| Retail | 2450000 | 8234820 | 3.36 |
| Overall | 7000000 | 11199420 | 1.60 |
The company has received bids at cut off, a facility available only for retail investors for 65.43 lac shares and his shows the retail interest in this issue.
