what is the critical error in financial statement of the company..? and investors have an option to withdraw the IPO application till 25th monday...can any plz clarify?
Everybody rush to withdraw application, can anybody specify the reason on this latest news
Though the retail portion has subscribed 2.31 times - it has actually subscribed 2 times at cut-off. Including unsubscribed employee shares and withdrawals, I am expecting 200+ allotment to full application. Enjoy!!!
This is without considering cancellations.Full application will be alloted 261 shares as per my calculation total retail and balance employee app-255812759 (198965479+56847280(less 10%subscription) total app rececived at cut off prise 392048500 392048500/255812759=1.53 time total shares 400/1.53=261 shares
From my calculation, considering employee part subsribed .1 times. It comes out as retail portion subscriber 2.1 times. means every application of 400 will get around 191 shares each
First come out with unique name, calculations are based on after adjusting employee quota to retail portion, and for minimum I have calculated 400/2.31.
Will list around 290 to 300- Every 98000 rs. 400 shares applicant alloted around 180 to 190 shares. So every full application may be rs 10000/- profit confirm. don't sale application in 5500 to 6000 as per grey market. enjoyyyyyyyyyyy. Listing on date 4th Nov 10.