29 May 07 Decolight Ceramics IPO subscription / oversubscription details – IPO Oversubscribed
The Decolight Ceramics IPO closed for subscription today. Decolight Ceramics IPO, which received poor response from investors in the first few days, was finally oversubscribed on the final day. However the IPO subscription figures are not very impressive. The institutional investor category in the Decolight Ceramics IPO was undersubscribed. It was subscribed less than 0.26 times. The subscription in this category was higher till evening indicating the fact that some institututional investors have withdrwan their applications in the final hour. The high networth individual category in the Decolight Ceramics IPO has been subscribed 2.08 times (oversubscribed 1.08 times). The retail investor category has been subscribed 3.10 times (oversubscribed 2.10 times). Overall, Decolight Ceramics IPO has been subscribed 1.53 times (oversubscription ratio - 0.53 times)
Personally, I feel Decolight Ceramics will have a bad listing and may list at a discount. The listing date of Decolight Ceramics Limited is likely to be somewhere in the third week of June. Decolight Ceramics will list both on the NSE and the BSE. Investors who have invested in the Decolight Ceramics IPO can expect the IPO refund in the third week of June through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Decolight Ceramics IPO and the details for checking the allotment status online will be posted here as soon as they are available.
Listing Date : Decolight Ceramics Limited will list in the stock markets on Monday 18 june 2007. The Decolight ceramics IPO issue price was Rs. 54. Lets see at what premium Decolight lists to its issue price. The IPO refund has already been sent by ECS.
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