Midvalley Entertainment Limited which had tapped the capital markets with an IPO to raise Rs 60 crs in a price band of Rs 64-70. The issue was open between the 10th of January and the 12th of January. The company had huge risks attached to it but as has been seen in many such issues they ‘manage’ to get fully subscribed. Surely this was yet another example of the same kind of ‘managed’ issue.

The issue remained under subscribed in the QIB category which was more than made up by the subscription in the HNI and retail categories.

The details of the subscription level in various categories are given below: –