The IPO of Transformers and Rectifiers India Ltd for which we have a subscribe recommendation is subscribed 91 times until 11:00 PM on the final closing day.
The retail portion of the issue is subscribed 58.61 times until 11:00 PM. The fate of all applications in retail category will be decided by lottery. The final subscription figures are as follows.
|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)||1707000||188674050||110.5296|
|2||Non Institutional Investors||284500||34622610||121.6963|
|3||Retail Individual Investors (RIIs)||853500||50027460||58.6145|
Allotment for Rs 100,000 application will be in the ratio of 1:4. Transformers and Rectifiers India [T&R India] IPO allotment status can be checked here around Dec-27th. Grey market premium is around Rs 400.