Magnum Ventures Limited IPO Subscription Details

August 18, 2007

The Magnum Ventures Limited IPO opens for subscription on Tuesday, 27 August 2007 and will close for subscription on Friday, 30 August 2007. The price band for the Magnum Ventures Limited IPO is Rs. 27 - Rs. 30 per share. Apart from the Magnum Ventures Limited IPO, there are 2 other IPO’s opening for subscription in the last 10 days of October. The fate of all these IPO’s will depend on the performance of stock markets. With the subprime crisis and the commercial paper crisis, the volatility in the stock markets across the globe has been very high. Many IPO’s are now trading below their IPO issue price. The investment bankers managing these IPO’s will have a tough time ensuring these IPO’s go through.

Posted in IPO, IPO Subscription Details