Latest IPO Subscription figures

Thebullishtrends: OnMobile listing price has given a very good encouragement to Primary market investors. The shares listed at the offer price and touched the bottom levels of Rs.423 and again it rose and settled at rs.521 in the closing session. Due to institutional buying and heavy speculation the stock has given decent gains to its share holders.

Rural Electrification Corporation Ltd IPO opened today and it has subscribed 2.17 times. Response from the QIB portion is vey good it has subscribed 3.62 times, HNI category subscribed 0.03 times and the response from Retail category is just only 0.07 times. One can apply this IPO for decent gains the complete analysis will be available here before the closing day. The price band is Rs.90-105 and the minimum lot is for 60 shares. RECL IPO will close on 22nd Feb'08.

V-Guard Inds IPO subscribed 1.11 times. Response from the Retail category is very less the retail portion subscribed only 0.38 times, HNI category subscribed 1.68 times and the QIB portion subscribed 1.49 times.