20 Jun 07 ICICI Bank IPO : QIB oversubscribed heavily
At the end of day 2, the institutional investor category in the ICICI Bank IPO has been oversubscribed heavily. It has been subscribed 6.23 times the IPO issue size reserved for this category. Considering the size of the ICICI Bank IPO issue an oversubscription of 6.23 times is huge. The oversubscription in this category might cross 10 -15 times as there is still 2 days left for subscribing to the ICICI Bank IPO and usually most applications in an IPO come in the last 2 days. I applied for the ICICI Bank IPO today. I applied for 102 shares at cutoff and paid Rs. 25,500 using the part payment option. I hope retail investor category subscribes by more than 3.5 times so that I will be alloted fully paid shares and can sell the shares immediately on allotment. The fully paid up shares of ICICI Bank are already listed and traded on both NSE and BSE. However, the partly paid shares of ICICI Bank will be listed only after the allotment is made and I’m not sure how many days it will take for the listing of partly paid shares of ICICI Bank. Going to the bank twice to pay the balance amount (on call) in 2 installments is a real pain (in the wrong place).
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GOING TO THE BANK TO MAKE THE PAYMENT!!!
can u please explain it…
wont there be an option of internet banking.
what if one is not in the town…how do u make your part payment. Please do let me know as i need to apply for this ipo and tomorrow being its as day this is my deciding factor
I’m not sure whether there will be an option to use internet banking for payment of installments. If it is indeed available, it would make our work easier. If it isn’t then you need to ask 1 of your friends to deposit the funds in the designated banks on your behalf.
thanks for your reply pal but unfortunately it came a bit late so i applied in full payment mode.
now hope this ipo does well.Anyways it was nice to see that there exist knowledgeable people like you who do take out time to help small investors like us with out selfish motives .Thanks would definately hear from me more.
P.S..Any quick say about Celeistal lab issue.. should one apply for some amount????????
there was good chance in icici ipo. as reported in times of india people have sold icici bank in f and o.they have applied in ipo of icici bank.looking at retaIL SUBSCRIPTION upto 15.00. on last day they will be getting firm allotment.so they are going to get approximetly 40 rs./share profit.
HI BULLISH, could u put more light on arbitage opportunity of icici fpo and also provide more details on f&o selling of shares which will be alloted to us. i have applied for 96 shares using part payment. how much share i will be allocated and how i can sell these shares in f&o. regards,