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Track all the latest updates and news of Plastene IPO.
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Published by : ReutersPlastene India Limited has withdrawn its IPO due to poor response from investor.
Plastene India public issue subscribed 0.2900 times on its final day of subscription. NII quota of the IPO subscribed most with bids received for 176% shares. The response in QIB and Retail Individual (RII) was worst. IPO didn't recieve a single bid in QIB quota.
Plastene India Limited is entering in the capital markets with an initial public offering, IPO of 9,255,290 Equity Shares of Rs 10.
Incorporated in 1998, Plastene India Limited is Gujrat based plastics packaging manufacturer. Company is part of Champalal Group based in Gandhidham.
The issue opens on May 09, 2012 and closes for subscription on May 15, 2012. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Plastene IPO is proposed to open on May 9, 2012. The IPO application ends on May 15, 2012.
Retail investors can apply in the retail or non-institutional investor category from May 9, 2012 to May 15, 2012. The Plastene IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Plastene IPO will open for subscription on May 9, 2012. The public issue will close on May 15, 2012.
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