Claris group’s IPO subscribed by 0.06 times

Claris group’s IPO subscribed by 0.06 times

The competent institutional segment and high net worth individuals (HNI) have not revealed any attention in the IPO. The Claris Lifesciences initial public offering (IPO) of Ltd has been subscribed 0.06 times. The IPO got proposal for 489390 shares in opposition to the issue dimension of 8,848,921 shares on bid.

The high net worth individuals and competent institutional segment has not depicted any attention in the IPO. The subscription of the retail segment got for 0.7 times.

The IPO commenced on Nov 24 and will put up the shutters on Nov 26 2010. Enam Securities Private Limited, Edelweiss Capital Limited, JM Financial Consultants Private Limited, ICICI Securities Limited are the Book Running Head Manager.

The price band of IPO was settled at Rs. 278 to Rs. 293 per equity shares. KR Choksey has advised the shareholders to Subscribe to the initial public offering of Claris Lifesciences. The group has gone into the initial marketplace by presenting shares of Rs 278-293 per share in the price band. The issue concludes on Friday.

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