Nelcast IPO Subscribed 7.36 Times

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.