Intrasoft Technologies IPO receives excellent response

Intrasoft Technologies Limited had launched its IPO by offering 37 lakh shares in a price band of Rs 137-145. The issue had opened on Tuesday the 23rd of March and closed yesterday Friday the 26th March. The issue received excellent response from all the three categories of investors and was finally oversubscribed just under 19 times.

The company runs the popular free greetings card site 123greetings.

Category Shares offered Shares Bid Subscription Ratio
QIB 1850000 40639560 21.9673
NII 555000 11990640 21.6048
Retail 1295000 17492920 13.5080
TOTAL 3700000 70123120 18.95
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