26 May 08 Niraj Cement IPO Subscription Details
Niraj Cement IPO which opened for subscription today has generated suprisingly good subscription interest from retail investors. The retail investor category of Niraj Cement IPO has seen a 60% subscription, which is a rare sight on the very first day of an IPO opening for subscription. This is because retail investors prefer to wait till the last day to apply in an IPO. Contrastingly, the Institutional Investors category as well as the high networth investors category have not received a single bid. Retail investors looking at applying in the Niraj Cement IPO should probably wait for a couple of days and look at how Institutional Investors are approaching this IPO, before deciding to apply.
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