Wednesday, November 7, 2007

Mundra Port IPO oversubscribed by 115.84 times | Mundra Port Allotment will available soon

Mundra Port and Special Economic Zone Limited IPO oversubscribed by 115.84 times. For the issue size of Rs 1771 crores, this kind of response is unbelievable. Qualified Institutional Buyers (QIBs) as well as Non Institutional Investors quotas oversubscribed around 160 times each which is huge.

Good thing about this IPO is the Retail Individual Investors (RIIs) oversubscribed only 16.1941 times, which means firm allotment (one lot of 15 shares) is almost certain for retail investors applied for full 15 lots at cutoff price.

Mundra Port and Special Economic Zone Limited - Bid details (information from NSE Website)

Sr.No.

Category

No.of shares offered/reserved

No. of shares bid for

No. of times of total meant for the category

1

Qualified Institutional Buyers (QIBs)

24060000

3839905170

159.5971

1(a)

Foreign Institutional Investors (FIIs)

 

2700955035

 

1(b)

Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)

 

820985895

 

1(c)

Mutual Funds

 

301796175

 

1(d)

Others

 

16168065

 

2

Non Institutional Investors

4010000

627371400

156.4517

2(a)

Corporates

 

288521775

 

2(b)

Individuals (Other than RIIs)

 

319687830

 

2(c)

Others

 

19161795

 

3

Retail Individual Investors (RIIs)

12030000

194814525

16.1941

3(a)

Cut Off

 

186882270

 

3(b)

Price Bids

 

7932255

 

4

Employee Reservation

150000

352575

2.3505

4(a)

Cut Off

 

9420

 

4(b)

Price Bids

 

343155

 

Click here to find more information about Mundra Port and Special Economic Zone Limited IPO bidding status, Mundra Port IPO Allotment Status, Mundra Port IPO Grey Market Premium and Mundra Port IPO Listing information.

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