27 Jul 07 IVR Prime IPO Subscription Details : IPO Oversubscribed
The IVR Prime IPO closed for subscription on thursday. The IVR Prime IPO performed pretty decently considering the fact that the issue size was big and the issue was overpriced. IVR Prime IPO generated good subscription interest from institutional investors. However retail investor category received subdued subscription interest. The retail investor category in the IVR Prime IPO got subscribed by just over 1.5 times (oversubscribed by about 0.5 times). Institutional investor category in the IVR Prime IPO has been subscribed by 8.6 times (oversubscribed 7.6 times) and the High Networth Individual category has been subscribed by over 1.85 times (oversubscription ratio : 0.85 times). Overall, the IVR Prime IPO has been subscribed by 5.75 times (oversubscribed 4.75 times).
Retail investors are likely to get close to full allotment (taking into account cheque bounces, stop payments, inaccurate data entered in the forms and the unsubscribed portion of employee category which will be added back to the retail investor category). The listing price of IVR Prime Urban Developers Limited depends on the market conditions at the time of listing. Right now all realty stocks have been hit badly and the realty index was down by over 5% today. Those who applied in the IVR Prime IPO can only hope that the market recovers by the time IVR Prime lists on the stock exchanges. Since the allotment is likley to be close to full, both Listing gains as well as Listing losses (whatever the case may be) will be huge. The listing date of IVR Prime Urban Developers Limited is likely to be somewhere in the third week of August. IVR Prime Urban Developers Limited will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the IVR Prime IPO can expect to receive the IPO refund in the third week of August through ECS (in cities in which refund through ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of IVR Prime 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 IVR Prime IPO.
Related Posts
Reader's Comments
Leave a Comment
IVR Prime can reach to 62.00