Hi, Since Varun is a fixed price IPO, so we should not expect its allocation in a day or two because as per sebi rules, regirstrar is having 21 days of time for fixed price issue instead of 15 days time in normal IPO. So be patient. One can expect around 100-120 shares for 1 lac application.
i apply for varun ind IPO (200 shares), but till today my cheque of Rs 12000/= is not deducted from my account. My application number is 7968013 dated 31.10.2007
GMP as per Nov 12, 1900 IST is Rs 40-41... The overall subsription is 37 times. Retail category applications of Rs 1 Lac must get around 100-120 shares.