19 Jun 07 Ankit Metal & Power Limited IPO gets poor response from QIB’s
Ankit Metal & Power Limited IPO has not found favour with institutional investors. The IPO opened for subscription on June 18th and will close for subscription on 22nd. At the end of day 2, there is not a single bid from FII’s, domestic financial institutions or mutual funds. Ankit Metal & Power Limited IPO feels left out with all the action taking place in ICICI Bank FPO and the Roman Tarmat IPO today. However, there are 3 more days and Ankit Metal and Power Limited IPO may sail through by then. But as of now, the subscription details of Ankit Metal IPO, presents a gloomy picture.
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