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Gammon Infra IPO oversubscribed by 3.5 times

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Gammon Infrastructure Projects Limited (GIPL) IPO which got closed like two days back had a final over subscription number of 3.48 times.
over subscription Details
Non Institutional category : 3.7846 times
Qualified Institutional Buyers (QIBs) : 5.1680 times.
Retail Individual Investors (RIIs) : 1.0856 times
Employees : 0.5291 times.

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Gammon India Ltd has informed the market that Gammon Infrastructure Projects Ltd (GIPL), a subsidiary of the Company, has filed the Red Herring Prospectus with the Registrar of Companies, Maharashtra in connection with its ‘Initial Public Offer’ of 1,65,50,000 equity shares of the face value Rs 10/- each, comprising a net issue of 1,48,95,000 equity shares to the public and a reservation of 16,55,000 equity shares for eligible employees.
Gammon Infrastructure Projects IPO
Price band being Rs 167/- to Rs 200/-.
Issue opens from March 10, 2008 to March 13, 2008.

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