23 May 07 Time Technoplast IPO Subscription Details : IPO Issue Oversubscribed
The subscription for Time Technoplast IPO has closed today. The Time Technoplast IPO has done extremely well. This is one of the rare IPO issues in which, after the subscription has ended, you ask yourself, why the hell didn’t I apply for more shares. Its quite rare for an IPO to get subscription of 50 times and still find retail category subscribed by less than 15 times. Time technoplast is indeed one of those rare IPO’s. Retail investor category has been subscribed by less than 13 times (oversubscribed by about 12 times). Hence all those who applied for 260 shares or above will get a firm allotment. Those who applied for the maximum (300 shares) will get a firm allotment of around 24 shares. The high networth individual category has been subscribed by over 72 times (oversubscription ratio : 71 times). The institutional investor category has received a subscription of a little less than 70 times the IPO issue size (oversubscribed by about 69 times). The employee quota remained undersubscribed. Overall, the Time Technoplast IPO has been subscribed 49.55 times (oversubscribed 48.55 times).
Personally, I feel Time Technoplast Limited will have an excellent listing and will provide good listing gains for those who get allotment. The listing date of Time Technoplast Limited is likely to be somewhere in the third week of June. Time Technoplast Limited will list both on the NSE and the BSE. Investors who have invested in the Time Technoplast Limited IPO can expect the IPO refund in the second week of June through ECS. Allotment is likely to be made a few days before the listing date. The allotment status of Time Technoplast IPO and the details for checking the allotment status online will be posted here as soon as they are available.
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Boss,
I have applied for 3 lots. Let us hope that i get at least few of them.
What is the expected listing date for Time technoplast at NSE
Regds,
Ramana