Mundra Port and Special Economic Zone Ltd IPO Message Board (Page 194)

Mundra Port IPO subscribed 95 times
2007-11-07 14:40:19 Source : moneycontrol
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Mundra Port and Special Economic Zone, India's largest non-government cargo terminal, has received overwhelming response for its IPO, subscribed 94.96 times till now, as per data available on NSE website.

The issue received bids for 3.82 billion shares against 40.25 million shares on offer and bids for 10.32 crore shares at cut off price.

Qualified institutional investors has given strong support to the issue. The reserved portion of QIBs subscribed 111x followed by HNIs 57x and Retail 7x, till 2 pm.

Mundra, which aims to set up cargo and coal terminals and develop a trade zone from the proceeds, is tapping an economy forecast to grow about 8.5 percent in the year to March 31. India's gross domestic product grew an average 8.6 percent over the past four years.

The Adani Group, founder of Mundra Port, has interests in commodities trading, coal mining, power generation, real estate development and agriculture processing.

well guys almost 95 times oversubscribed. chances of allotment seems bleak. who had applied for applicaition of rs. 99000/- would get 15 shares.

guys stop payment is best idea. its not worth to wait for 25 days and after wait most of us would found nil allotment. well go for RPL in market for 25 days and you will get almost 20% return.

reliance power is going to be hugely oversubscribed...many more time that mundra is oversubscribed....and Mr. VIVEK will again say don't apply for this ipo wait for someother ipo....hahahahaha

Retail subscription (cutoff) at 3.55pm is 10times.

REPORT TRUE REL POWER ON 27 NOV,DONT APLY 4 MUDRA

REL POWER ISSUE TO OPEN ON 27 NOV

Hi All,
At 3 PM, The retail segment has been subscribed by approx 8.58 times, So My calculation tells me that If you had applied for 225 i.e, 15 lots you will be entitled for approx 28 shares.

But I think it will distributed in lots of 15, so the Subscription may go up to around 10-12 times & probably people who have applied for 15 lots may end up getting 1 lot or max 2 lots....
So now you decide whether it is worth to get 15 shares by investing Rs 1 lakh????

Regards,
Sundaram.J.S.

Retail subscription of Mundra at cutoff price at 3.45pm today is 9.70times.

saurav@404

your application will get rejected. It has to be applied in lots of 15

sourav@224

your application will get rejected. It has to be applied in lots of 15

oversub 16 times.

Best is to wait & watch @ 1900 hrs for retail subscripption. No point discussing 8 times @ 14:15hrs & 9.5 times @ 15:30! Hw abt a massive chunk by cheque payment! and after two days, their stop cheque payment method if it is oversubscribed?
Happy investing to all ( I hvnt invested anyway)
Rgds

I have applied for 200 in this ipo; what is chance to get alloted?

Thanks IPO king,
For 225 at cut off , can i expect 30 shares? subscription is 8.6X in retail!!!

Mr. Gurubhai @396, How can it be 180 for 225 when the issue is oversubscribed 15 times in retail. I think one lot (15 shares) will instead be allotted. What is the basis of ur calculation ?

hey GURU bahi,
what is the formula of the allotment. you mean to say that for 1lakh application they will attolemtnt of shares worth 79K (acccordin to ur calculation) ... Dont you think so it out of the box..

GURU bahi,What is the logic/formula you are using??? can we know it ....

hi gurubhai
why you misguide all with your bogus calculation
if issue got 15 times in retail then
application for 225 share get 15 share only
below this will be lottery

Total Issue Size 40250000
Total Bids Received 3822145380
Total Bids Received at Cut-off Price 103267305
No. of times issue is subscribed 94.96

Only cutoff bid will get sure allotment @ 440. Rest I don't know.

I applied for 225 at cut off price. How many will be alloted?

hi all

here is subscription data at 3.00 p.m.

in retail - 8.60 timesover
over all - 95.00 times