27 Sep 07 Circuit Systems India Limited IPO is now open for subscription

Circuit Systems India Limited IPO, a fixed price IPO, having an IPO price of Rs. 35 per share opens for subscription today. Since the Circuit Systems India Limited IPO is a fixed price IPO, the subscription details will be available only 2-3 days after the IPO closes for subscription. The allotment process takes twice as much time as it takes for book building IPO’s. Hence investors applying in the Circuit Systems India Limited IPO should be prepared to have their capital locked for over 1 month. The risk of investing in fixed price IPO’s is higher since the real time subscription data is not available. Circuit Systems IPO closes for subscription on Friday, October 05, 2007.

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