Wednesday, March 17, 2010

IL&FS Transportation IPO covered 33 times on last day


15 Mar 2010, 2054 hrs IST,
Source:ET/REUTERS



MUMBAI: IL&FS Transportation Networks Ltd's $154 million

initial public offer was covered 33.09 times on the final day of the issue, data
from the National Stock Exchange showed on Monday.


Details of the allotment were not immediately available.
The firm, a unit of IL&FS, had fixed a price band
of Rs 242-258 a share for the 100 per cent book built offer.

Enam Securities Pvt Ltd, Nomura Financial Advisory and
Securities (India) Pvt Ltd and JM Financial Consultants Pvt Ltd
are the bookrunners of the offering.

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