12 Feb 08 SVEC Constructions IPO Issue closed

SVEC Constructions IPO Issue has been closed for subscription. SVEC Constructions IPO was scheduled to close for subscription tomorrow. However, looking at the very poor response the IPO has received from investors, the promoters have seemed to have decided to call the issue off. With the fate Reliance Power IPO suffered on listing, investors will now think twice before subscribing to any IPO. GSS America IPO is also likely to be called off. Hence investors are advised to stay away from it in order to prevent their money getting locked for 15 days.

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