15 Jul 07 Refex Refrigerants Limited IPO : Refex Refrigerants IPO opens for subscription on 23rd
Refex Refrigerants Limited, a Chennai based refrigerant company, is coming out with a fixed price IPO. Refex Refrigerants Limited IPO will open for subscription on 23rd July 2007. Since the Refex Refrigerants Limited IPO is a fixed price IPO, there will be no price band but rather a fixed IPO price, which in the case of Refex Refrigerants Limited IPO has been fixed at Rs. 65 per share (which includes a premium of Rs. 55 per share). As per the Draft Prospectus, Refex Refrigerants Limited will use the proceeds of the IPO for expansion purposes. Refex Refrigerants Limited is engaged in marketing and refilling ozone friendly refrigerants. The fact which makes the Refex Refrigerants Limited IPO attractive is that it has no competitor in India. Bennett, Coleman and co had recently bought a 3.5% stake in Refex Refrigerants Limited. Post IPO, the shares of Refex Refrigerants Limited will be listed only on the Bombay Stock Exchange (BSE). The registrar for the Refex Refrigerants Limited is Chennai based Cameo Corporate Services Limited. For updates on the subscription / oversubscription ratio of Refex Refrigerant Ltd IPO and to know the IPO allotment status, refund details and listing date of Refex Refrigerants Ltd. IPO, do check this blog regularly. The Refex Refrigerants IPO is a small IPO with a very small issue size of only Rs. 25 crores. Hence the Refex Refrigerants IPO is likely to be oversubscribed heavily and thus allotment will be low.
Refex Refrigerants Limited IPO Prospectus
For more information, read the Draft prospectus of the Refex Refrigerants Limited IPO Issue.
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Hi,
I have about 1.75 lks to invest now.want to split between central bank of india and refex..whats your suggestion ..how to go about and in how many applications..pls advise
gopal
Gopal,
I think it will be sensible to put in refex as central bank will be oversuscribed many times and the allotment chances will be very less. My view is put in full money in Refex, even if oversubscribed 10-15 times u will have chance to get in some shares. It is a good bet for a long term investment I see a 400-500% growth in this stock in 2 years time
@sanjay – I beg to differ with your views. The issue size of refex ipo is very small. However, central bank IPO size is quite large and hence retail is likely to get oversubscribed by a lower num,ber of times in the central bank IPO compared to the Refex IPO. Hence I suggest Gopal invets the entire 1.75 lakhs in the central bank IPO in 2 applications
thanks friends for the tip
gopal
Hi,
Can you let me know status on this..with central Bank issue around and grabbing attention these small ones have go lost..!!
rgds
gopal
@ Gopal
Read somewhere that Refex is subscribed by 7 times..awaiting split subscription details..
regards.
Dear Reader,
My Name is Krishnakumar i have a query for you. Currently stock market trend is not that good can you suggest me purvankara ipo will be a good investment at this time. since I am planning to invest rs 30000/.
Dear Reader,
How about secondary market buy of Hdil since the price 515 today and Gmr Infra too.
i heard that gmr is planning for split is it true.