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Company Name | Offer Price | Premium |
(Rs.) | (Rs.) | |
Power Grid FPO | 90 (+ 5% retail discount) | 7 to 9 |
RPP Infra Projects | 68 to 75 | 10 to 11 |
Manganese Ore (MOIL) | 600-660 (rumor) (+ 5% retail discount) | 130 to 150 |
R.P.P. INFRA PROJECTS LIMITED
| Total Issue Size | 6500000 |
| Total Bids Received | 3095840 |
| Total Bids Received at Cut-off Price | 1737520 |
| No. of times issue is subscribed | 0.48 |
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 3050000 | 0 | 0.00 |
| 1(a) | Foreign Institutional Investors (FIIs) | 0 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 0 | ||
| 1(c) | Mutual Funds | 0 | ||
| 1(d) | Others | 0 | ||
| 2 | Non Institutional Investors | 915000 | 1340000 | 1.46 |
| 2(a) | Corporates | 0 | ||
| 2(b) | Individuals (Other than RIIs) | 1340000 | ||
| 2(c) | Others | 0 | ||
| 3 | Retail Individual Investors (RIIs) | 2135000 | 1755840 | 0.82 |
| 3(a) | Cut Off | 1737520 | ||
| 3(b) | Price Bids | 18320 | ||
| 4 | Employee Reservation | 400000 | 0 | 0.00 |
| 4(a) | Cut Off | 0 | ||
| 4(b) | Price Bids | 0 |
Updated as on 18 November 2010 at 1700 hrs
Dear Mr. Balaji,
ReplyDeleteRPP Infra's grey market premium has kept declining. It is now Rs 5-7. Premium keeps changing everyday; and its uncertain to say what price will be on listing day.
Just like stocks, grey market premium changes every day.
There has been NO QIB interest in the IPO. It appears risky; and would be safer to avoid. Shipping Corp and MOIL are better bets