Vishal Retail Oversubscribed 69.08 times

The IPO of Vishal Retail for which we had a Blind Subscribe recommendation is oversubscribed by 69 times according to NSE Release. Here are the final subscription figures.

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category

Qualified Institutional Buyers (QIBs) 2689565 122513375 45.5514

Non Institutional Investors 448261 139664900 311.5705

Retail Individual Investors (RIIs) 1344783 67779075 50.4015

The figures given by CNBC TV 18 MoneyControl are saying that the issue is subscribed 82 times is WRONG. Issue is oversubscribed by just 69.08 times. Don’t TRUST MoneyControl, they are Misleading Investors.

As we had already predicted, the fate of all applications will be decided by Lottery. Good Luck for your allotment. Grey Market Premium is very high Rs150+.