23 Dec 07 Porwal Auto IPO Allotment Chances
Porwal Auto IPO Allotment would be made on a firm basis to all investors irrespective of the number of shares bid or the category applied in. This heavy allotment however is not good news for investors. I suspect Porwal Auto Components will have a very bad listing on the bourses due to the low subscription from investors. Infact, I strongly suspect that for the IPO to be fully subscribed the underwriters would have had to subscribe to the IPO. There is no need for investors to check Porwal Auto IPO Allotment Status since they will receive full allotment ie. No of shares alloted will equal No of shares applied in the IPO. Porwal Auto Components IPO Allotment Status will be updated here as soon as it is available.
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