Golee maar Salsar ko . Allotment or no allotment, no worry. Made gain of 1500 Rs per share applied in today''s Polson OFS. 100% allotment for all the shares applied. No lottery. No tension. Issue was subscribed 40%. One of the rare stealth issues missing the attention of mass retail investors. Time for party with its custard puddings.
dude if any IPO is not subscribed upto 90% of total size then the Company cant come with its IPO....As you said its subscribed only 40% then IPO must be withdrawn..good luck to you as well
It is not withdrawn. Only IPOs can be cancelled if there is no 90% subscription. The rule does not apply to OFS issues. I had earlier applied to several OFS issues which were undersubscribed and got shares allotted.
This is in continuation of the notice no. 20170614-47 dated June 14, 2017 for Offer for Sale (OFS) by Mr Amol Jagdish Kapadia & Mrs. Sushila Jagdish Kapadia ,Seller Promoter(s) of Polson Limited (“the Companyâ€), through Stock Exchange Mechanism for 11,200 equity shares of the Company POLSON LTD of face value Rs. 50/- each on 16th June, 2017 for Non- Retail Investors and 19th June,2017 for Retail Investors and Non-Retail Investors who choose to carry forward their bids.
Now the Seller Promoter(s) of the Company have informed the exchange for withdrawal of the offer for sale. A copy of the withdrawal intimation letter is attached with the notice.
Accordingly the OFS issue of Polson Limited stands withdrawn.
Trading and Custodian Members of the Exchange are requested to note the same.
SBI LIFE just applied application for IPO to SEBi, may be it will take 1-2 month for announcement. same for Salasar they applied in Feb and IOP come in July.
Salasar Techno IPO Allotment Date: 21-July 2017 at 1 AM (can be checked online http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx ) Refunds: 21-July 2017 starts at 11 AM Credit to Demat accounts: 24-July Listing Date: 25 July 2017
Just made a phone call to Bigshare registrar of Salasar. According to them they will put link late night. We all will able to check status tomorrow morning.