01 Aug 07 Asian Granito IPO Subscription Details
The Asian Granito IPO was the other IPO which closed for subscription on 31st, along with the SEL manufacturing IPO. Just like the SEL Manufacturing IPO, the Asian Granito IPO also got oversubscribed only in the last few hours, on the last day of subscription. However the Asian Granito IPO performed slightly better than the SEL manufacturing IPO. Overall, the Asian Granito IPO has been subscribed by 4.51 times (oversubscribed 3.51 times). The retail investor category in the Asian Granito IPO IPO got subscribed by 4.66 times (oversubscribed by 3.66 times). Institutional investor category in the Asian Granito IPO has been subscribed only by 3.09 times (oversubscribed 2.09 times) and the High Networth Individual category has been subscribed by over 10 times (oversubscription ratio : 9 times). Those who applied for 5 lots (300 shares), or more, will get a firm allotment. For all others who applied in the Asian Granito IPO, allotment will be made through the lottery system. Asian Granito India Limited is likely to have a good listing and is likely to provide decent listing gains to investors who invested in the IPO purely for the purpose of listing gains. The listing date of Asian Granito India Limited is likely to be somewhere in the fourth week of August. Asian Granito India Limited will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the Asian Granito India Limited IPO can expect to receive the IPO refund in the third week of August through ECS (in cities in which refund through ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of Asian Granito India Limited 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 Asian Granito IPO.
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It seems that Asian Granito has allowted the IPOs.