01 Aug 07 SEL Manufacturing IPO Subscription Details
The SEL Manufacturing IPO closed for subscription on 31st. SEL Manufacturing IPO got oversubscribed in the final few hours, on the last day of subscription. Overall, the SEL Manufacturing IPO has been subscribed by 3.62 times (oversubscribed 2.62 times). The retail investor category in the SEL Manufacturing IPO got subscribed by 3.55 times (oversubscribed by 2.55 times). Institutional investor category in the SEL Manufacturing IPO has been subscribed only by 4.09 times (oversubscribed 3.09 times) and the High Networth Individual category has been subscribed by over 3.12 times (oversubscription ratio : 2.12 times). Those who applied for 4 lots (300 shares) or more, will get a firm allotment. For all others who applied in the SEL Manufacturing IPO, allotment will be made through the lottery system. SEL Manufacturing Company Limited is likely to have a decent listing and is likely to provide listing gains unless markets continue to slide downwards. The listing date of SEL Manufacturing Company Limited is likely to be somewhere in the fourth week of August. SEL Manufacturing Company Limited will list both on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Investors who have invested in the SEL Manufacturing Company Limited IPO can expect to receive the IPO refund in the third week of August through ECS (in cities in which refund through ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of SEL Manufacturing Company Limited IPO and the details for checking the allotment status online will be posted here as soon as they are available. Good luck to all those who applied in the SEL Manufacturing IPO.
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