Vaswani Industries IPO : Basis of Allotment

by khalid on 21/05/2011 · 0 comments

Vaswani Industries IPO got oversubscribed by 4.16 times ( 11.29 times in Non Institutional Investors Buyers Category ). The IPO was open on 29th Apr 2011 and got closed on 3rd May 2011. The price band for the issue was Rs 45 at lower level and Rs 49 at upper level. The shares are issued at Rs 49, the upper level of the price band. Retail Individual Investors Category has been subscribed to the extent of 6.83 times. People who had applied for 240 or more shares in the retail segment were given firm allotment of 178 shares or more. People who had applied for the max lot i.e. 4080 shares were given 3020 shares in retail segment.

Click here for full report of Basis of Allotment.

The Sole Book running lead managers (BRLM) to the issue is Ashika Capital Limited

Registrar of the Issue : Link Intime (India) Private Limited

Stay tuned to BelltheBull Blog for more on Vaswani Industries IPO !

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