The IPO from Shemaroo Limited which closed yesterday was oversubscribed overall 7.39 times. The issue received almost similar support from all categories and was in the price band of Rs 155-170 with a 10% discount to retail investors.
The total number of applications received was 1,84,500 which means that 4 out of 11 applicants in retail category would be allotted the minimum 85 shares. The issue has done reasonably well after a slow start.
The full details of the applications are as follows: –
QIB | 1548360 | 8810420 | 5.6902 |
HNI | 1161270 | 10034590 | 8.6410 |
Retail | 3010700 | 23439855 | 7.7855 |
Total | 5720330 | 42284865 | 7.39203 |