12 Sep 07 Kaveri Seed IPO Oversubscribed : High Allotment and Listing gains

The Kaveri Seed IPO closed for subscription today. Overall, the Kaveri Seed IPO was subscribed by about 4.5 times (oversubscribed 3.5 times). The retail investor category in the Kaveri Seed IPO got subscribed by less than 3.5 times (oversubscribed by 2.26 times). Institutional investor category in the Kaveri Seed IPO has been subscribed by about 5.6 times (oversubscribed around 4.6 times) and the High Networth Individual category has been subscribed by over 5.04 times (oversubscription ratio : 4.04 times). Allotment will be high for retail investors since the retail investor category in the Kaveri Seed IPO has not been heavily oversubscribed. Retail investors are likely to make high returns in the Kaveri Seed IPO since allotment will be heavy and the IPO is likely to list at a decent premium because of good institutional oversubscription. Because of heavy allotment, net returns will be boosted. Good luck to all investors who apllied in the Kaveri Seed IPO. For updates on the IPO allotment status, refund details and listing date of Kaveri Seed IPO, do check this blog regularly.

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