Edelweiss Capital Limited IPO Message Board (Page 41)

Based on the bid details by ubwalsons @377, the effective oversubscription in the Retail Investor Section comes down by 5% from 17% to 12%.

If you observe, there are price bids of 2074032 shares, which constitute nearly 5% of the total allocated shares for Retailers. I presume these bids will get rejected as the issue price will be fixed at the upper band. Hence, the retail over subscription will be 12%. Hope the oversubscription details published are final :-)

Any one who applied for 12 lots will get 1 lot confirmed. People who would have applied for more will get proportionately higher number of shares.

Best of luck to Allllllll

Regards

16.372109471570783570627122138195 times in retail at cut-off

Edelweiss Capital Limited - Bid details

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) 4908965 751790752 153.1465
1(a) Foreign Institutional Investors (FIIs) 482918704
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 152690448
1(c) Mutual Funds 108689432
1(d) Others 7492168
2 Non Institutional Investors 818160 134427576 164.3048
2(a) Corporates 70676200
2(b) Individuals (Other than RIIs) 59951072
2(c) Others 3800304
3 Retail Individual Investors (RIIs) 2454482 42259080 17.2171
3(a) Cut Off 40185048
3(b) Price Bids 2074032
4 Employee Reservation 204540 2081680 10.1774
4(a) Cut Off 10752
4(b) Price Bids 2070928

Updated as on 20 Nov 2007 at 2015 hrs

that's correct. 17.21 times overbsubscribed at retail category.

17.2171 times as per NSE website.

26 times seems to be unlikely.
Because till 8.20, it is 16.42 times.
If it is 26, then there is definitely something fishy.
From where did you get this figure, because on BSE and NSE, it is not available.

16.42 times in retail at 20.15.

9.30 tak retail 26 times ho gaya hai

At 8.15 pm the retail was oversubscribed by 16.42 times, which means 91 out of 100 will get allotment of 8 shares (who applied in full 120 shares).

hi manish
thanks for ur calculation advice but i am thinking that if ipo of 15 lot of 8 shares means 120 shares if it subscibe 15 times then u get the firm allotment it is not depend upon 1,00,000 it is upon how many lot. there may chance of application may be 99000 or any but if it is 15 time you get 15 lot if it is 16 times ur chance will be 15/16 or 17 times it will be 15/17

any update on this IPO

For sure we are not having 50 times in Retail

Another Rule of Thumb

Generally for every IPO,minimum share allotment is such that you would get about Rs. 6500 worth of shares (825*8). Now 100,000/6500 = 15.38. Which means any issue with retail subscription upto 15-16 times almost guarantees minimum allocation for 100,000 application.

My Rule of Thumb

If look at past subscriptions, If total subscription jumps by 7 times on last day, retail generally jumps 6-9 times. Since Edelweiss was 1.43 yesterday in retail and it jumped by about 8 times in total subscription today (111/14), I believe we should see retail subcription at about 12. But considering retail interest, I would say it should come at about 15-16 times.

Why is it the some people are saying that
retail is >50 times and some are saying that
it is 17 times..??

hi (367 and 368)

Please dont lie.

retail subscribe 55 times 9 pm

ashish - in reply to 362 if it goes 17 times then out of every 2 , 1 will get 8 shares....

hi ashish (363),
we need people like u :)
postive !

where u see the subscribtion