The First Winner IPO has been extended since the IPO has not been fully subscribed. When the IPO market closed today, first winner IPO was subscribed by only 0.75 times the IPO issue size. Though the institutional investors category seems to have just about fully subscribed, the retail investors category as well as the Non Institutional Investors category has received very poor response from investors. Due to the IPO turning out to be undersubscribed on the scheduled closing, the registrar for the First Winner Industries IPO has informed the stock markets that the IPO subscription will now be extended till 17 June, 2008. The price band for the IPO was reduced to Rs. 115 - Rs. 125 per share of face value Rs. 10 each. Hopefully, the IPO will be go through after the reduction of the price band.