Readymade Steel India IPO (Initial Public Offering) : Basis of Allotment

by khalid on 13/07/2011 · 0 comments

Readymade Steel India Limited IPO got oversubscribed by 1.68 times ( 4.18 times in Retail Individual Investors (RIIs) Buyers Category ). The IPO was open on 27th June 2011 and got closed on 29th Jun 2011. The price band for the issue was Rs 90 at lower level and Rs 108 at upper level. The shares are issued at Rs 108, the upper level of the price band. Retail Individual Investors Category has been subscribed to the extent of 4.18 times. People who had applied for 180 (3 lot) or more shares in the retail segment were given firm allotment of 107 shares or more. People who had applied for the max lot i.e. 1800 shares (30 Lots) were given 803 shares in retail segment.

Click here for full report of Basis of Allotment.

The Sole Book running lead manager (BRLM) to the issue is Arihant Capital Markets Limited.

Registrar of the Issue : Bigshare Services Pvt Limited, Mumbai

Stay tuned to BelltheBull Blog for more news on Readymade Steel India IPO !

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