19 Jun 07 Roman Tarmat IPO Subscription Details : IPO Oversubscribed : Huge Listing gains likely on listing date
The subscription for Roman Tarmat Limited IPO has ended. Roman Tarmat IPO has performed extremely well. The Roman Tarmat IPO has been subscribed by 29.67 times (oversubscribed 28.67 times). Retail category has been subscribed by about 22 times (oversubscribed by about 21 times). Hence allotment will be made using lottery system to all categories of investors (except employee category which is undersubscribed). No matter how many shares one has applied for in the Roman Tarmat IPO, firm allotment won’t be made. However, those who applied for the maximum number of shares that can be applied for, in the retail category, have good chances of getting allotment because out of every 3 applications, 2 will receive allotment. Those lucky to get allotment can expect huge listing gains. Institutional investor category in the Roman Tarmat IPO has been subscribed by 27.50 times (oversubscribed 26.50 times) and the High Networth Individual category has been subscribed by a whooping 62 times (oversubscribed 61 times)
In the recent past, small IPO’s like Nitin Fire IPO, Time Technoplast IPO, Vishal Retail IPO and now Roman Tarmat IPO from fundamentally strong companies, priced at reasonable valuations, have done extremely well. I feel Roman Tarmat Limited will have an excellent listing and will provide good listing gains for those who are lucky enough to get allotment of shares. The listing date of Roman Tarmat Limited is likely to be somewhere in the second week of July. Roman Tarmat Limited will list both on the NSE and the BSE. Investors who have invested in the Roman Tarmat IPO can expect to receive the IPO refund in the first week of July through ECS (in select cities). Allotment is likely to be made a few days before the listing date. The allotment status of Roman Tarmat IPO and the details for checking the allotment status online will be posted here as soon as they are available.
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what is the difference between firm allottment and lottery? and also can you pls tell me how u know that 2 out of 3 applicants for maximum shares will get allotment (and also will they get full / partial allotment)? Thank you very much in advance….
@ Vishal
Firm allotment means you will def get allotment of a specific number of shares
Lottery allotment means only a few lucky ones who’s names are selected by a draw of lots will get allotment. Others will not get any allotment.
Thank you very much for the info. Would the lucky ones who do get allotment get a fraction of what they applied for or they will get full allotment of what they applied for?
Roman tarmat allotment is out. check on
http://bigshareonline.com/ipostatus.php
anyone has an idea on the lisiting date of roman tarmat??
Hi Vishal,
About listing date, et al,
* Listing On: Monday, July 9, 2007
* BSE Script Code:
* NSE Symbol: ROMAN
* Listing in:
* ISIN: INE924H01018
* Issue Price: Rs. 175/- Per share (Face Value of Rs. 10/-)
Thx Dny….got any allotment?? I applied for 560 recived 40
..still guess am better than people who didn’t get anything..!
Anyone has any idea when the IPO refund will be initiated?
what is the need to issue so many ipo forms such that the issue like everonn been subcribed 131 times and the retail portion dont get anything my point is that dont fool retail investors
Dear Israni,
this is exactly what is called “DEMOCRACY”. You may not find companies and lead managers succumbing to so much huge public demand of application forms elsewhere in the world as much as they have to order fresh forms printing overnight so as to supply the same in morning. Definitely we would not have seen these days in Pakistan.
Bolo mera Bharat mahan
Bolo Jai Hind.