Au Allotment is coming today as per http://www.ipowatch.in/2017/07/au-financiers-ipo-allotment-status.html . The market is superb and it will surely list 90+ of its issue price. Superb listing expected
Chances of allotment is same as for 1 lot. After SEBI changes in allotment process in 2012, 1st they will try to provide each retail requester (max limit 2 lakhs) with minimum 1 lot and then only will procced with allotment of multiple lots.
I had applied for 2 lots for CDSL, Tejas Networks, Eris Lifesciences. Unfortunately none allotted. So that means, still there''s something more about allotment process. Or else last option would be lucky draw.
@Akay : You did not get because it was oversubscribed:
OverSubscribed: ex : suppose if total 100 shares available for retail allotment and 200 people applied So, Initialy 100 people will get single lot based on lucky draw. that means the rest 100 would not get any allotment and no one will get multiple lot So you were in those unlucky 100 people, like me ;)
Undersubscribed: ex : suppose if total 100 shares available for retail allotment and 20 people applied So, Initialy 20 people will get single lot and rest 80 shares would be availebl for people who applied for multiple lot''s
Salasar Techno IPO comprises 33.21 lakh equity shares of face value of Rs10 each fully paid for cash at a price of Rs108 per equity share aggregating Rs35.86 crore
PTI Salasar Techno IPO opens on 12 July 2017 and closes on 17 July 2017. Photo: iStock Salasar Techno IPO opens on 12 July 2017 and closes on 17 July 2017. Photo: iStock Jaipur: Infrastructure firm Salasar Techno Engineering on Wednesday said its initial public offer (IPO) to raise Rs35.86 crore will open on 12 July and close on 17 July.
The public issue comprises 33.21 lakh equity shares of face value of Rs10 each fully paid for cash at a price of Rs108 per equity share aggregating Rs35.86 crore, according to the draft papers.
The issue opens on 12 July 2017 and closes on 17 July 2017, Salasar Techno chairman and MD Alok Kumar said in a press conference here today.
Kumar said the company has posted excellent financial results with revenues increasing from Rs310 crore in FY 2016 to 384.29 crore for FY 2017 and net profits going up from Rs11.04 crore to Rs20.74 crore in the same period on consolidated basis.
Salasar Techno provides customised steel fabrication solutions in the domestic market.