Elana Trading and UBB have received orders for subscription of shares in Enemona IPO that total nearly 1 bln leva (511.291 mln euros) in value.

All investors have submitted proof of 100% of the funds. The price was set at 16.80 leva, which was the previously announced maximum. The IPO proceeds are estimated at 33,600,000 leva (17,179,407 euros).

The value of orders exceeds the value of the issue by 30 times. The 2 mln shares were allocated among 4,100 natural persons and legal entities. 8% of the stock was subscribed by foreign investors (both physical persons and legal entities).

Limit orders at a maximum of below 16.80 leva, accounted for just 0.16% of all orders. Almost 65% are market orders submitted at a certain price or for a certain amount of shares. Payment starts November 28 (Wednesday).