Purvankara Projects IPO Subscription, Allotment and Listing Details

August 12, 2007

Purvankara Projects IPO which because of poor performance had to get the price band reduced from Rs. 500 - Rs. 525 to Rs. 400 - Rs. 450 and get the IPO extended for a few more days, managed to get fully subscribed. But retail investors preferred to stay away from the IPO. Purvankara IPO final subscription figures stood at 1.91 times the issue size. Retail was under-subscribed. The Purvankara Projects IPO has been priced at the lower end of the price band at Rs. 400 per share. Purvankara Projects IPO is likely to list at a discount to the IPO issue price and hence investors won’t be able to make any listing gains if they sell on the day of listing of Purvankara Projects IPO.

Posted in IPO, IPO Subscription Details, Listing Date, Allotment Status