*R.I.T.E.S. LIMITED* *FINAL DAY SUBS FIGURE AT 02:57 P.M.* QIB 30.22X NII 27.89X RII 12.56X EMP 0.91X TOTAL 22.60X Total No.of FORMS : 10,80,283 *Apps Wise : 10.29X*
With Retail Segment getting over subscribed 11 times and overall over subscription 10 times that should prompt the Govt to line up other IPOs connected Indian Railways earlier than planned ?
I think the pricing worked . all the future IPO should take note. Justified price band is the main viewpoint for RII as many people have suffered due to exorbitant , unjustified rate.
What are the chances of allocation for the retail? I have observed many times that the most retail investors doesn't get any shares allocated in IPOs. This make them scamble for the shares once the shares get listed on the stock markets.