30 Jan 10 Vascon Engineers IPO Subscription Details
Vascon Engineers IPO Subscription Details suggest that there is decent demand for this IPO from various classes of investors, especially from the Institutional Investors category and the corporate investors category. Vascon Engineers IPO had opened for subscription on the 27th of January 2010 and closed for subscription yesterday. Overall the IPO had oversubscribed by 0.22 times. Since most of the bids for the IPO have been received at Rs. 165, the Vascon Engineers IPO price is likely to be fixed at Rs. 165 which is the lower end of the IPO price band which was fixed between Rs. 165 and Rs. 185. Since the IPO oversubscription amount is not huge, do not expect Vascon Engineers Limited to list at a significant premium to its issue price. However, if the market conditions on the Vascon Engineers IPO listing date are favorable, then investors who invested in this IPO might see decent returns. Vascon Engineers IPO allotment for retail investors will be 100%. For more details on the Vascon Engineers IPO allocation details, Vascon Engineers IPO listing date and Vascon Engineers IPO allotment date do keep checking this space.
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