14 Jul 07 Simplex Projects IPO Subscription Details : Simplex IPO Oversubscribed by 85.5 times
The Simplex Projects IPO was another IPO which benefited from the IPO mania. Almost all IPO’s are getting oversubscribed by more than 50 times, these days. If you run a pvt ltd company, this seems to be the best time to take it public. The Simplex Projects IPO has been subscribed by about 85.5 times (oversubscribed 84.5 times). The retail investor category in the Simplex Projects IPO got subscribed by about 50 times (oversubscribed by 48.26 times). Institutional investor category in the Simplex Projects IPO has been subscribed by 90.5 times (oversubscribed 89.5 times) and the High Networth Individual category has been subscribed close to a whooping 154 times (oversubscription ratio : 152.8 times). Hence all categories of investors who applied in the Simplex Projects IPO will get allotment only through the lottery system. No matter how many shares applied for or under what category applied for, firm allotment won’t be made. Though those lucky enough to get allotment can expect huge listing gains, the chances of getting allotment is extremely low. Simplex Projects Limited is likely to 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 Simplex Projects Limited is likely to be somewhere in the first week of August. Simplex Projects Limited will list both on the NSE and the BSE. Investors who have invested in the Simplex Projects IPO can expect to receive the IPO refund in the first week of August through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Simplex Projects 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 Simplex IPO.
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When this is likely to be alloted and listed?