07 Jul 07 Allied Digital Services IPO Subscription details : Huge Listing Gains likely for those lucky to get allotment
The subscription for the Allied Digital Services IPO has ended. Allied Digital Services IPO has performed extremely well. Overall, the Allied Digital Services IPO has been subscribed by 61 times (oversubscribed 60 times). Retail category has been subscribed by more than 38 times (oversubscribed by 37 times). Hence all investors who applied in the Allied Digital Services IPO will get allotment only through the lottery system. No matter how many shares applied for, firm allotment won’t be made. I applied in the Allied Digital Services IPO hoping for listing gains. But looking at the subscription data I have lost hope of getting any allotment. Though those lucky to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. Institutional investor category in the Allied Digital Services IPO has been subscribed by 74 times (oversubscribed 73 times) and the High Networth Individual category has been subscribed by 88.7 times (oversubscription ratio : 87.7 times)
Allied Digital Services Limited is likely to have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Allied Digital Services Limited is likely to be somewhere in the end of July. Allied Digital Services Limited will list both on the NSE and the BSE. Investors who have invested in the Allied Digital Services IPO can expect to receive the IPO refund in the final week of July through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Allied Digital Services IPO and the details for checking the allotment status online will be posted here as soon as they are available. Good luck to all those who applied in the Allied Digital Services IPO.
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