07 Dec 07 Transformers IPO (TRIL IPO) Subscription Details
Transformers and Rectifiers IPO has got a very poor response from investors on its debut day. Transformers IPO (TRIL IPO) Subscription Details on day 1 look bad. The Employee, QIB and HNI categories have not received a single application so far. The retail investors category has been subscribed by less than 0.03 times which is suspect is bids received from family or close friends of promoters of Transformers and Rectifiers (India) Limited. The IPO is open for subscription for 3 more days. I suggest investors wait till the last day and apply in the Transformers IPO only if it manages decent levels of subscription by the penultimate day of subscription.
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