100 Share ki application per 100 ka allotment milega
53. CLD| Link| Bookmark|
February 13, 2014 2:38:54 PM
Top Contributor (500+ Posts, 100+ Likes)
It is good that NII did not participate. It will give stable listing. NII raise huge debt for participation, as such, there remains pressure on stock when it lists since NII sell at even marginal gains. Stock has touched 159.60 today. Hope the stock will list at 160. Even if price fixed is 150, there will be a gain of 16 per share for re tailor. A full application is expected to get 1000 shares which gives a gain of 16000. Enjoy the gains who have taken risk.
Please find the details of Engineers India Limited fpo coming by Thursday. Indicative Timetable 1.Offer opens: February 06, 2014 2.Offer closes (for All including QIB bidders): February 10, 2014 3.Finalization of basis of allotment: On or about February 19, 2014 4.Refund: On or about February 19, 2014 5.Credit of equity shares to depository accounts: On or about February 19, 2014 6.Trading commences: On or about February 24, 2014.
If unsubscribed quota of NII & employee reservation is added to retain category then retain category subscription figure will reduce to 1.81 times which increases the chance of getting more shares for those who have applied for full application.