The IPO of Nelcast which closed for subscription this evening was subscribed 7.36 time according to a fax received just a while ago.
Here is the breakup of subscription.
|Sr.No.||Category||No.of shares offered/reserved||No. of shares bid for||No. of times of total meant for the category|
|1||Qualified Institutional Buyers (QIBs)||2175000||24411780||11.2238|
|2||Non Institutional Investors||652500||604740||0.9268|
|3||Retail Individual Investors (RIIs)||1522500||6991290||4.5920|
All Retail Individual Investor’s application for more than 150 shares will get firm allotment of at least 30 shares. Good Luck and keep checking back for more information on basis of allotment and grey market pricing.