BSE and NSE finally shutdown their systems at midnight and till then they had received 577662585 bids against an offer of 5593300 subscribing the MindTree issue 103 times. We had a blind subscription rating on MindTree IPO.
The retail portion of the issue is subscribed by 30 times. The fate of Rs 1 Lakh application by retail investor will also be decided by lottery in the ratio of 1:2. Here is the breakup of subscription.
| Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| Qualified Institutional Buyers (QIBs) | 2964445 | 465359745 | 156.9804 |
| Non Institutional Investors | 494075 | 66679710 | 134.9587 |
| Retail Individual Investors (RIIs) | 1482220 | 44548665 | 30.0554 |
Cinemax listed on NSE today and the shares closed below the offer price. DalalStreet.Biz had an expensive rating on the issue. I wouldn’t BUY as the Great Indian Multiplex story is melting down.