Motilal Oswal IPO issue price fixed

August 29, 2007

As expected by the industry, Motilal Oswal IPO price has been fixed at the upper end of the IPO price band at Rs. 825 per share. This means investors who have applied (bid) at Rs. 825 or at cut off would get allotment on lottery basis. All other investors will not get any shares alloted. Everybody expected Motilal Oswal IPO price to be fixed at Rs. 825 (upper end of the price band) since the IPO was heavily oversubscribed in all the categories.

Posted in IPO, IPO Issue Price