The IPO of Cox and Kings (India) Limited was oversubscribed and received excellent support from institutions and HNI’s. The response from the retail investors was comparatively lukewarm and was just about subscribed. Overall the issue was oversubscribed 6.31 times.
Details are as follows:-
| QIB’s | 9.9514 times |
| HNI’s | 10.6975 times |
| Retail | 0.9813 times |
| Employees | 0.1076 times |
| Overall | 6.31 times |
The issue opened on Wednesday the 18th of November and closed today, Friday the 20th of November 2009.
Dear Arun,
Solely due to your efforts,you have brought awareness to Merchant Bankers and Industrialists,who were bringing out IPO’s at hefty un-sustainable premiums,therby burning holes in the pockets of investors.I hope that with Cox and Kings IPO there may be turn of events and that Invetors will”Flock-Back”and return to investing in IPO’s in a big way(like before).This is all due to your constant efforts to tone down the”Greed Factor”and
your”Crusade”that there will be something left on the table to enjoy for all classes of Investors.Thanks Arun,for your Pioneering Effort to take on Mighty Merchant Bankers and Industrialists,and to drill into ther heads,so that they understand,that they should not KILL”The Golden Goose”.Investors will never forget this daring effort from your side.