hello friend the today subscription details of united bank are 1.Qualified Institutional Buyers (QIBs) 4.1297 2.Non Institutional Investors 1.0050 3.Retail Individual Investors (RIIs) 0.7001
I have gone to submit 1500*63= 94500 to my broker's office. They told me for 1500*66= 99000 otherwise appln will get rejected. Ultimately on their advice I had to make correction in my application form and had to give another cheque of 99000.
Dear Users, What is the retail portion subscription as of 5 pm on 24 th anybody knows it, pls tell. Totally the issue got subscribed 2.5 times as per www.nseindia.com, but can someone pls tell retail portion subscription now latest.
The issue is priced fairly. Moreover, the management has announced a discount of 5% for retail investors. Investors with medium-term appetite could subscribe to the issue as there is significant margin of safety.
In terms of valuation, stock is offered at 0.7 times FY 2010 adjusted book value. In view of decent growth prospects, It is recommend to “Subscribe” the issue with long term perspective