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.
||No.of shares offered/reserved
||No. of shares bid for
||No. of times of total meant for the category
|Qualified Institutional Buyers (QIBs)
|Non Institutional Investors
|Retail Individual Investors (RIIs)
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.