FWIL IPO Share Price: First Winner IPO Share Price

Following the IPO or initial public offering, the FWIL or First Winner Industries limited has fixed the share price at Rs. 125 per share.
The issue which closed on Jun. 17, 2008, was subscribed 1.26 times (according to the preliminary information received by the stock exchanges). The qualified institutional bidders portion was subscribed to approximately around 1.05 times; the non-institutional bidders portion was subscribed to nearly around 1.84 times; the retail portion was subscribed to approximately around 1.32 times. The IPO has received total bids for 6,920,900 shares.

The issue comprises a net issue of 5.40 million shares and an employee reservation portion of 100,000 shares. The issue constitutes 31.04% of the post-issue capital of the company. The equity shares are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).

One can read the entire review of the First winner Industries IPO here.

Almondz Global Securities is the sole book running lead manager (BRLM) to the issue.

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