Tuesday, February 5, 2008

SVEC Constructions IPO - Subscriptions Status

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SVEC Constructions IPO has got a poor response just like most of the other recent IPOs. The IPO has been withdrawn owing to turbulent secondary markets. The IPO was supposed to close on February 13, 2008. The close date earlier than that was February 8, 2008. The price band of the IPO was also been reduced to Rs 80 to Rs 90 from Rs 85 to Rs 95. But even after doing all this, it failed to get fully subscribed.

At the end of February 10, 2008:
QII segment has been subscribed 0.0002 times
NII segment has been subscribed 0.506 times
Retail segment has been subscribed 0.48 times
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