STRATEGY OF UNSUBSCRIBED PATT OF QIB. Dear Boarders, Unsubscribed shares of QIB 26,51,650 shares will be benifited to HNI & Retail Bidders @ propotnate of 30:70.
Rating agency CARE has assigned the initial public offering of Mayajaal Entertainment the least grade (Grade 1), which indicates “poor fundamentals”.
Mayajaal, whose main business is the running of a multiplex near Chennai, proposes to issue 1.21 crore shares at a price to be determined by book-building.
The grading is constrained by the adverse track record of the promoter group in terms of regulatory compliance, creditors’ winding up petitions against group companies and unsatisfactory track record of corporate governance, CARE has said.
A CARE analyst, Mr Gaurav Dixit, also finds Mayajaal’s revenue pattern volatile.
Pentamedia Graphics Ltd (PMGL) is currently the main promoter of the company with 48.71 per cent of equity shareholding.
Rishabhdev Technocable Limited alert 200 share will be alloted on application of 3000 share [confom] will listed on stock market as on 30-6-2009 of Rs.100
@Rajasthan Royal On your application, atleast 200 shares are for sure! May be more, but not less!
@Rocky
I applied online for this IPO and my funds were deducted immediately. No hold placed on sum. So your also will be deducted, that rule is not fully implicated yet!