The IPO from MEP Infrastructure Developers Limited (MEP) which had planned to raise Rs 324 crs from a fresh issue of equity shares in a price band of Rs 63-65 scraped through with subscription enough to close the issue as successful. The company received subscription for 445.41 lac shares which means the issue is subscribed 1.11 times at the lower end of the band. If the company chooses to price the issue at Rs 65 the subscription will increase as the shares offered at Rs 65 would reduce to 3904.95 lacs and the subscription increase to 1.14 times.

The issue with the company was negative feeling about the fact that it is a loss making company and would turn the corner in the year ended March 2015 if the claim from NHAI is factored in the previous year. Second which was the major concern about the way toll collection is being opposed and shut down in some places. Though the management did allay some of the fears of investors, the subscription numbers covey that they did not accept the explanation completely. The falling markets added to the woes of the company.

One hopes that before listing some of these issues could be addressed which would help in a great manner.