The recent IPO of Panasian Power Limited oversubscribed at the date of open to trade. [December 7, 2010]
Panasian Power Limited have been Oversubscribed by 7.34 times.
The details as follows based on Colombo Stoke exchange
Payment made by Bank Draft and Cheques,
| Number of Shares Applied | 300,183,000 |
| Value of Applied | Rs. 900, 549,000 |
| Number of Applications | 15,529 |
Payment made by Bank Guarantees,
| Number of Shares Applied | 1,168,100,000 |
| Value of Applied | Rs. 3, 504,300,000 |
| Number of Applications | 45 |
Total of
| Total number of shares Applied | 1,468,283,000 |
| Total Amount of shares Applied | Rs.4, 404,849,000 |
And CSE announced the Singer Finance IPO is also been Oversubscribed on the first day [today December 15, 2010]
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