OFS issue of Polson dated June 15 was cancelled. After cooling off period, again the issue was opened yesterday for Non retail and today for retail and was subscribed 40%. I applied and also got the allotment ;reflected in my today''s trade book just now as having been successfully executed at cut off price of 15500. 90% subscription rule applies only to IPOs ;not to OFS. Left to my friends to believe or not .
It was cancelled by the promoters last month due to Demat issues as stated by them in the cancellation notice Today''s issue went through and ALL the applicants were allotted the shares they applied in full.
Please look at BSE site for the OFS issues just closed for the latest info. Don''t be confused and confuse others by posting stale and obsolete information.
Extract from BSE site OFS section today "Retail Section Clearing Price (Rs.) 15,500.00 Clearing Price of Rs 15500 has been fixed for the Retail Category in Polson Ltd "