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Monday, 23 May 2011
Sanghvi Forging And Engineering Ltd Basis of allotment Allotment to Retail Individual Investors, including ASBA applications (After Technical Rejections)
Sanghvi Forging & Engineering Limited IPO got oversubscribed by 1.30 times ( 2.93 times in Retail Individual Investors (RIIs) Buyers Category ). The IPO was open on 4th May 2011 and got closed on 9th May 2011. The price band for the issue was Rs 80 at lower level and Rs 85 at upper level. The shares are issued at Rs 85, the upper level of the price band. Retail Individual Investors Category has been subscribed to the extent of 2.93 times. People who had applied for 140 or more shares in the retail segment were given firm allotment of 103 shares or more. People who had applied for the max lot i.e. 2310 shares were given 1697 shares in retail segment