Hi All I''''m new to this site I find very useful comments about IPO My Second IPO is Adlabs (Ortel was first Loss) Hope will get listed High to cover Ortel When will Adlabs/INOX listing ?
Apply only for good IPO''''s. Who told you to apply for Ortel?? Adlabs likely to list on 1st at par, if they adhere by the timeline they proposed in prospectus, which is 27th but as issue closing was extended we should expect three days delay i.e., 1st April and hope it doesn''''t turn out april fool for investors of Adlabs.
For Inox there seems 4 lakhs Applicants & only 2.50 lakh can get it. So, goodluck if you get allocated.
Allotment done and listing will be probably on Wednesday I guess. Goodluck retailers you sailed the IPO. Hope you make some money at least to the tune of discount amount.
Adlabs ipo''s allotment status available in link intime site . Adlabs price is 180 non retailers and 180-12 (discount)=168 for retail investor. best of luck investors.
Adlabs IPO Allotment should be done. All retail shareholders should get it easily. An IPO if fixed in 180-190 range in the beginning could have seen huge subscription could somehow sail through. I am waiting to see the fate of this. I feel it may not tank as much like Ortel but likely to still list at discount.
Bid/Issue Closing Date March 12, 2015 Finalisation of Basis of Allotment with the Designated Stock Exchange On or about March 23, 2015 Initiation of refunds On or about March 24, 2015 Credit of Equity Shares to demat accounts of Allottees On or about March 25, 2015 Commencement of trading of the Equity Shares on the Stock Exchanges On or about March 27, 2015 The above timetable is indicative and does not constitute any obligation on our Company or the Selling Shareholder or the GCLMs. Whilst our Company shall ensure that all steps for the completion of the necessary formalities for the listing and the commencement of trading of the Equity Shares on the Stock Exchanges are taken within 12 Working Days of the Bid/Issue Closing Date, the timetable may change due to various factors, such as extension of the Bid/Issue Period by our Company and the Selling Shareholder, revision of the Price Band or any delay in receiving the final listing and trading approval from the Stock Exchanges. The commencement of trading of the Equity Shares will be entirely at the discretion of the Stock Exchanges and in accordance with the applicable laws. The Selling Shareholder confirms that it shall extend all reasonable co-operation required by our Company and the GCLMs for the completion of the necessary formalities for listing and commencement of trading of the Equity Shares (offered by each such Selling Shareholder in the Offer for Sale) at all Stock Exchanges within 12 Working Days from the Bid/Issue Closing Date.
I think they will extend the allotment date and listing date given that it''s closing date was extended. I am waiting to see the listing even though I didn''t subscribe.