Hi Everyone.... MEL will be listed above 80 and will go upto 115+ A good buy for intraday players as well. Do not trust IPOKING... He is just creating a fuss btwn us. MEL has goodprofits this year so definitely they will give you good returns. Cheers to MEL...
1. i heard the news that d allotment process is over. i have demat account in reliance money. may i plz know how and wer to see the alloted shares in my account? will it b in DEMAT BALANCE or wer else ??? plz reply.
2. my second doubt is that, since the retail category got subscribed less than 100%, will the remaining shares be divided and given to retail share holders?
3. if not what will the company do it with the un-subscribed shares in retail category?
Manjushree sholud be listed around above 90-100 and anyone should trade it with partialy manner. It will give good return to retail investors. as it has collaboration with global comapnies and domestic as well.
The Public Issue received 4438 valid applications for 6,353,700 shares resulting in the issue being subscribed 1.24 times.
Category No. of Valid Applications No. of Shares applied for Subscription (times) Promoters Contribution Nil Nil Nil Retail Investors 4416 2,227,500 0.87 Non Institutional Investors 22 4,126.200 1.61
A) Allocation to Retail Investors
The Basis of Allocation to the Retail investors was finalized in consultation with BSE. The category was subscribed 0,87 times. The total number of shares allotted in this category is 2,227,500 Equity Shares. A sample of the category-wise details of the Basis of Allocation is as under.
Pls. see basis of Allocation link on this page to see Manjushree's allocation details.