The IPO of Cairn India has been subscribed 1.31 times at 1700 hrs.The IPO of 32.8799 crore shares has attracted bids for 42.9427 crore shares with the maximum bids at the upper price band of Rs 190 per share. Bids for around 7.4 lakh shares were made at the cut-off price.Updated at 1510 hrs: The Cairn IPO had received bids for 17.6870 crore shares on the NSE as against the total issue size of 32.88 crore shares.Maximum bids were made at the higher end of the price band, i.e. 17.6866 crore shares for Rs 190 per share.Of the total bids received, around three lakh shares were bid at the cut-off price. Update at 1350 hrsAt 1345 hrs, the Cairn IPO had received bids for 17.6645 crore shares on the NSE as against the total issue size of 32.88 crore shares.Maximum bids were made at the higher end of the price band, i.e. 17.6643 crore shares at Rs 190 per share.Of the total bids received, around a lakh shares were bid at the cut-off price. Update at 1235 hrsAt 1230 hrs, only 81,970 bids were received on the NSE as against the total issue size of 32.88 crore shares.Of the total bids received, the maximum bids (73,045) were at the cut-off price. The IPO price band is Rs 160-Rs 190, and will close on Dec 15, 2006.Update at 1130 hrsThe Cairn India IPO has got off to a tame start.At 1115 hrs, only 39,690 bids were received on the NSE as against the total issue size of 32.88 crore shares.Of the total bids received, the maximum bids (35,070) were at the cut-off price. The IPO price band is Rs 160-Rs 190, and will close on Dec 15, 2006.
