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.
||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)
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+.