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India Equity Research Reports, IPO and Stock News
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MCX IPO: How many shares should retail category expect to get?
Here is rough calculation:
while retail category oversubscribe 24.14 x
employee only 0.18x
In the end they both will be merged.
Total over subscription will be 21.65x
As oversubscriton is so high, so price bid will NOT get any share. Only investor applying at cut-of (Rs 1,032) will get share.
Excluding price bid and merging retail and employee portion, over subscription is 19.17x.
For a FULL application of Rs 2,00,000 (2 Lacs)
Investor would have applied for 192 shares (32 lots of 6 shares) = Rs 1,98,144
They should expect 10 shares each
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
MCX IPO: How many shares should retail category expect to get?
Here is rough calculation:
while retail category oversubscribe 24.14 x
employee only 0.18x
In the end they both will be merged.
Total over subscription will be 21.65x
As oversubscriton is so high, so price bid will NOT get any share. Only investor applying at cut-of (Rs 1,032) will get share.
Excluding price bid and merging retail and employee portion, over subscription is 19.17x.
For a FULL application of Rs 2,00,000 (2 Lacs)
Investor would have applied for 192 shares (32 lots of 6 shares) = Rs 1,98,144
They should expect 10 shares each
| Total Issue Size | 5500772 |
| Total Bids Received | 297741144 |
| Total Bids Received at Cut-off Price | 46236876 |
| No. of times issue is subscribed | 54.1 |
| MULTI COMMODITY EXCHANGE | ||||
|---|---|---|---|---|
| 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) | 2162083 | 106192932 | 49.12 |
| 1(a) | Foreign Institutional Investors (FIIs) | 43593366 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 51320550 | ||
| 1(c) | Mutual Funds | 7818888 | ||
| 1(d) | Others | 3460128 | ||
| 2 | Non Institutional Investors | 926607 | 139313544 | 150.35 |
| 2(a) | Corporates | 73526028 | ||
| 2(b) | Individuals (Other than RIIs) | 64728672 | ||
| 2(c) | Others | 1058844 | ||
| 3 | Retail Individual Investors (RIIs) | 2162082 | 52190634 | 24.14 |
| 3(a) | Cut Off | 46194600 | ||
| 3(b) | Price Bids | 5996034 | ||
| 4 | Employees | 250000 | 44034 | 0.18 |
| 4(a) | Cut Off | 42276 | ||
| 4(b) | Price Bids | 1758 | ||
| Updated as on 24 FEB 2012 at 2030 hrs | ||||
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