Nutek India IPO 0.38 times subscribed

guNutek India IPO opened on 29th July'08.. Nutek India offers shares Rs.10/- each with a price band of Rs.175-192. Min bid quantitiy is for 30 shares. IPO will close on 1st Aug'08. Nutek India IPO 0.38 times subcribed till today evening at 5PM. Bids received only for 17,32,440 shares against 45 lac shares offered. Bids received only from QIB s and Retail Investors. (thebullishtrends)