22 Jul 07 Zylog Systems IPO : Apply for Listing Gains

The Zylog Systems IPO has received excellent subscription interest from institutional investors. The institutional investor category in the Zylog Systems IPO has been subscribed by over 5 times already while overall Zylog Systems IPO has been subscribed by a little over 3 times. Zylog Systems IPO is likely to reward investors with excellent listing gains. However since the issue size of Zylog Systems IPOÃ‚Â is pretty small the IPO is likely to get heavily oversubscribed and hence chances of getting allotment will become tough. So I suggest investors wait till the last day and apply based on the subscription figures of the final day. With so many good IPO’s opening for subscription, it doesnt make sense to lock money in an IPO, if an IPO gets heavily oversubscribed, since the chances of allotment will be very low.

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