17 Jun 08 Somi Conveyor Beltings IPO Subscription Details
Somi Conveyor Beltings IPO opens for subscription on June 24, 2008. With the IPO’s that opened for subscription last week not faring too well, in terms of the subscription interest that they have managed to generate among various classes of investors, it would be interesting to see the performance of the Somi Conveyor Beltings IPO. Somi Conveyor Beltings IPO price has been fixed at Rs. 35 per share of face value Rs. 10 each. The IPO is a fixed price IPO which means the IPO allotment process will take a much longer time when compared to that of book building IPO’s. Somi Conveyor Beltings IPO closes for subscription on June 27, 2008.
Mondkar Computers is the registrar for the IPO while Ashika Capital is the lead manager of the IPO. Both the registrar and the lead manager of Somi Conveyor IPO seem to be new. Let’s hope they can handle the IPO issue well and manage to get the IPO issue oversubscribed.
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