21 May 08 Gokul Refoils IPO Allotment Details
Gokul Refoils IPO which closed for subscription last week witnessed good subscription interest from all classes of investors. Strangely, retail investors seem to be much more bullish as far as IPO’s are concerned when compared to institutional investors. This is evident from the fact that the retail investors category in the Gokul Refoils IPO was oversubscribed by over 5.5 times as opposed to the QIB category which failed to make it past 2.75 times. It looks like even after the shock that reliance power ipo provided, retail investors are still bullish on IPO’s as an alternate investment class.
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