Oberoi Realty Limited which had tapped the capital markets with its issue was oversubscribed. The issue had opened on Wednesday the 6th of October and closed on Friday the 8th of October. The company had made an allocation to anchor investors of 71,21,160 shares at the top end of the price band. The price band was Rs 253-260, and the company would raise Rs 1028.61 crs at the top end of the price band.
Details of the subscription by various categories of investors are as follows: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 16616040 | 368040620 | 22.15 |
| NII | 3956200 | 14286900 | 3.61 |
| Retail | 11868600 | 11202580 | 0.94 |
| Overall | 32440840 | 393530100 | 12.13 |
The lack of support from HNI’s which was subscribed a mere 3.61 times when QIB’s was subscribed 221.5 times and also the lacklustre support from retail at 0.94 times is probably to do with the poor listing of three IPO’s on Friday. Looking at the poor returns post listing from the current batch of IPO’s is making a lot of investors jittery and is affecting IPO’s in general.
