04 May 07 MIC Electronics Limited IPO oversubscribed

The MIC Electronics Limited IPO has been oversubscribed today. MIC Electronics Limited IPO has been subscribed 1.27 times the IPO issue size. With two more days remaining, the MIC Electronics Limited IPO looks like it will be oversubscribed by atleast 5-10 times. MIC Electronics Limited IPO has recieved excellent response from institutional investors. MIC Electronics Limited IPO has been subscribed 2.42 times (over-subscribed 1.42 times) in the institutional category. However, MIC Electronics Limited IPO still remains undersubscribed in the retail and HNI categories. This is understandable since usually retail investors and HNI’s wait till the last day to put in their bids for an IPO. For more updates on the oversubscription statistics of MIC Electronics Limited IPO and to know the allotment and listing date of MIC Electronics Limited IPO, do check this blog everyday.