07 Aug 07 TAKE Solutions IPO Subscription Details : Low Allotment, High Listing Gains
The TAKE Solutions IPO closed for subscription today. The TAKE Solutions IPO performed very well even though both the primary market and the secondary market are not doing well. This shows that, if an IPO is priced reasonably and if the fundamentals of the company are good, then investors will see value and will definitely lap up the shares offered in an IPO. Overall, the TAKE Solutions IPO has been subscribed by 59.50 times (oversubscribed 49.50 times). The retail investor category in the TAKE Solutions IPO got subscribed by about 23.39 times (oversubscribed by 22.39 times). Institutional investor category in the TAKE Solutions IPO has been subscribed by 75.62 times (oversubscribed 74.62 times) and the High Networth Individual category has been subscribed by over 100 times (oversubscription ratio : 99.1 times). Allotment will be very low since the TAKE Solutions IPO has been heavily oversubscribed. All investors who applied in the TAKE Solutions IPO will get allotment only through the lottery system. No firm allotment will be made and hence one has to be very lucky to get allotment in the TAKE Solutions IPO
TAKE Solutions Limited is likely to have an excellent listing and is sure to provide excellent listing gains to investors lucky enough to get allotment. The listing date of TAKE Solutions Limited is likely to be somewhere in the final week of August. TAKE Solutions Limited will list both on the NSE and the BSE. Investors who have invested in the TAKE Solutions limited IPO can expect to receive the IPO refund in the third week of August through ECS (in cities where the ECS facility is available). Allotment is likely to be made a few days before the listing date. The allotment status of TAKE Solutions 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 TAKE Solutions IPO.
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