Omaxe IPO Oversubscribed 68.34 Times

The IPO of Omaxe which was reasonably priced saw a terrific response from all the classes of investors. Out IPO Analyst had a subscribe recommendation and the retail portion of the IPO was subscribed 13.89 times close to 14 times [his prediction]. Here is the final breakup as obtained from the NSE.

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) 10500000 1000893560 95.3232

2 Non Institutional Investors 1750000 142026240 81.1579

3 Retail Individual Investors (RIIs) 5250000 72931660 13.8917

All applications / bids for 280 shares and above i.e 280/300/320 will get a firm allotment of 20 shares. Good Luck for your listing gains.