The IPO of BGR Energy for which we have a Subscribe Recommendation is heavily subscribed until 11:00PM on the final closing day.
At 11:00 PM the Retail Individual category was subscribed 46.89 times. This means the fate of all applications of 196 shares / Rs 94080 will be decided by lottery. We will be updating as we receive fax or SMS from Mumbai.
|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)||5181600||837731944||161.6744|
|2||Non Institutional Investors||863600||132201244||153.0816|
|3||Retail Individual Investors (RIIs)||2590800||121491370||46.8934|
Allotment for Rs 100,000 application will be in the ratio of 3:10. The status of BGR Energy IPO Allotment can be checked here approximately by Dec-27. The Grey Market Premium has shot up and is now at Rs 410-425.