08 Aug 07 KPR Mill IPO Subscription Details : IPO Oversubscribed
The KPR Mill IPO closed for subscription yesterday. The KPR Mill IPO was completely overshadowed by the Take Solutions IPO which closed on the same day and got heavily oversubscribed. KPR Mill IPO however managed to get fully subscribed in the last few hours of the closing day of subscription. However the retail investor category remained undersubscribed. The retail investor category in the KPR Mill IPO got subscribed by only about 0.40 times (undersubscribed by 0.60 times). Institutional investor category in the KPR Mill IPO has been subscribed by 1.44 times (oversubscribed 0.44 times) and the High Networth Individual category has been subscribed by 2.07 times (oversubscription ratio : 1.07 times). Overall, the KPR Mill IPO has been subscribed by 1.19 times (oversubscribed 0.19 times). The issue price of KPR Mill IPO will be fixed at the lower end of the price band at Rs. 225
Retail investors who applied in the KPR Mill IPO will get full allotment and hence depending on the listing price of KPR Mill, profits / losses will both be high. KPR Mill IPO is likely to have a pretty poor listing and may provide listing losses to investors, unless the secondary market at the time of listing of KPR mills performs very well. The listing date of KPR Mill Limited is likely to be somewhere in the final week of August. KPR Mill Limited will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the KPR Mill IPO can expect to receive the IPO refund in the third week of August through ECS (in cities where the ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of KPR Mill 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 KPR Mill IPO.
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