Sobha Developers – Basis of Allotment

Bangalore / Bengalooru based Real Estate firm Sobha Developers Ltd which recently concluded its IPO has announced the allotment of shares details and are made available here.

The issue was heavily oversubscribed and even in the Retail category of Maximum shares allotment was on lottery in the ratio of 32:43. This category also saw 70% of the total shares applied.

The grey market premium for Sobha Developers is Rs450. [At this price it is expensive, well Indian stocks are all expensive :-)]

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