Saturday, March 26, 2011

Shilpi Cable Technologies IPO - Subscription, Allotment, Listing

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Shilpi Cable Technologies got decent response from investors considering that CARE gave IPO Grade 1 to the IPO. The IPO got subscribed 3.5 times at the close of the IPO.

At the close of the IPO,
QII segment got subscribed 1.04 times
NII segment got subscribed 6.39 times
Retail segment got subscribed 5.74 times

Click here to check if you have been alloted Shilpi Cable Technologies shares!

Shilpi Cable Technologies got listed on 8th April and had a disappointing listing. The share touched an intraday high of Rs 84.70 and low of Rs 45.40 after opening at Rs 78 on the National Stock Exchange. The share finally closed at Rs 48.35 as against issue price of Rs 69 a share, down 30% lower.
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