V Guard Inds IPO subscribed fully on the first day

Thebullishtrends: V Guard Industries IPO fully subscribed today. The entire issue subscribed by 0.96 times today. QIB portion susbcribed by 1.46 times, HNI category subscribed by 1.29 times and Retail category subscribed ony 0.14 times only. V Guard is offering Rs.10 face value of equity shares with a price band of Rs.80-85. Issue will close on 21st February'08.