SKS Microfinance IPO : Basis of allotment

by khalid on 12/08/2010 · 0 comments

SKS Microfinance IPO got oversubscribed by 13.69 times (20.38 times in QIB). The IPO was open on 28th Jul 2010 and closed on 2nd Aug 2010. The price band for the issue was Rs 850 at lower level and Rs 985 at upper level. The shares are issued at Rs 985, the upper level of the price band. People who had applied for 21 or more shares in the retail segment were given firm allotment of 8 shares and more accordingly. People who applied for the max lot i.e. 98 shares were given 36 shares in retail segment.

Click here for full report of Basis of Allotment.

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