Gammon Infra 0.64 times subscribed

Thebullishtrends: Gammon Infrastructure Projects Ltd IPO 0.64 times subscribed on first day of it's opening. The response from HNI category is good it was subscribed by 2.73 times, QIB category subscribed by 0.72 times and Retail category subscribed only 0.004 times. It seems to be HNI category subscribed 2.72 times it is because of promoters and their circle only subscribed in HNI category on the first day. IPO will clsoe on 13th March'08.