27 Jul 07 Central Bank of India IPO : Central Bank IPO Oversubscribed Heavily
The Central Bank IPO closed for subscription today. The Central Bank of India IPO performed extremely well and it got heavily oversubscribed across all categories. Overall, the Central Bank of India IPO has been subscribed by 62 times (oversubscribed 61 times). The retail investor category in the Central Bank IPO got subscribed by 16.2 times (oversubscribed by 15.2 times). Institutional investor category in the Central Bank IPO has been subscribed by a whooping 89.11 times (oversubscribed 88.11 times) and the High Networth Individual category has been subscribed by over 69.5 times (oversubscription ratio : 68.58 times). Those who applied for 16 lots (960 shares), under the retail investor category will get a firm allotment. For all others who applied in the Central Bank of India IPO, allotment will be made through the lottery system. Central Bank of India is likely to have a good listing and hence is likely to provide excellent listing gains. The listing date of Central Bank of India is likely to be somewhere in the third week of August. Central Bank of India will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the Central Bank IPO can expect to receive the IPO refund in the third week of August through ECS (in cities where refund through ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of Central Bank 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 Central Bank of India IPO.
Related Posts
Reader's Comments
Leave a Comment
Hi Bull Bhai,
On what basis your have mentioned that those who have applied for 16 lots (960 shares) will get a firm allotment?
As per you, what price this will list.
@Kokke
Since retail category is subscribed 16 times (16.2 to be precise however employee category is undersubsribed which will add back to retail making it 16 times) therefore anyone who have applied for 16 lots (60*16=960) will get firm allotment of one lot i.e. 60 shares.
@ Keen Watcher,
Thank you for the clarification.
Does this mean that those who have applied for 16 lots (960) will surely get 1 lot (60). What about balance 900 applied. Will this be alloted under lottery system?
As per NSE wibsite no of time this issue is subscribed at the cut-off price is 4.45. Looking this figure, chances of getting allotment for those who have applied at cut off is 1:4.5
Pl. confirm my understanding is correct
Rgds.
@Kokke
I am not sure about figure of 4.5. As far as detailed subcription figures on NSE are, they saw figure of 16.06 as total and around 15.38 at cut off for retail category. Also we do not know about priced bid whether they are highest amount. However that is not going to make much difference hence ideally when you have applied for 960 will get 60 as firm allotment and all others who have applied for less then that will also get 60 only but based on lottery.
WHATS THE PREMIUM OF CENTRAL BANK?
Whether This Issues Over Subscribed Or Not What Is The Excact Date Of Listing
sir cbi ka allotment ho gaya kya
I have applied for 8 lots in cbi issue. How many will i get in this subscription.
Any news about allotments.???????
status of ipo cbi
c b i app no- 73704308
sir i have got 60 shares
kitne par list ho sakta hai
i know my cbi ipo allotment ? pls
application no. 3 1369926
Hi
The Listing could well be in the range of 250-260 but looking at the prospect of the CBI it will most likely cross 300 mark in the first day.
The investment/deposit ratio of 0.34 and credit/deposit ratio 0.63 makes CBI comparable to SBI’s strength. The employee cost/operating cost ratio is even improved 68% than SBI’s 77%. It has a BV of Rs.77 and EPS Rs. 15, Compared to SBI’s Rs.525 & Rs.85. That makes CBI 1/6th of SBI. If SBI is listed at Rs. 1700 now CBI should have a market value of a good Rs. 283.
All the best for CBI listing.
I had applied for 480 shares of central bank IPO. Kindly let me know if alloted any. App no is 73113020
NIL for 73113020
60 For 73704308
60 for 31369926 – Nimesh
when it wil listed in market?