Response to the issue of Syncom Healthcare Limited received excellent response and was subscribed over 5 times. the issue had opened on Wednesday the 27th of January 2010 and closed on Friday the 29th of January 2010.
| Category | Shares offered | Shares Bid | Subscription Ratio |
| QIB | 3750000 | 3711370 | 0.9897 |
| NII | 1125000 | 18678240 | 16.6029 |
| Retail | 2625000 | 16401150 | 6.2481 |
| TOTAL | 7500000 | 38790720 | 5.17 |
Aqua Logistics has failed to garner adequate support and subscription for its ongoing issue and the closure of the issue has been extended by three days. Readers would recall that the original price band was Rs 220-230 and the issue which had opened on Monday the 25th January was to close on the 28th of January.
The price band has now been reduced to Rs 200-225 and the closure date extended to Tuesday the 2nd of February 2010. This was also the first issue since the introduction of Anchor investors which was unable to garner any support from Anchor Investors.
My comments on this issue were Extremely Expensive – Simply Avoid.
I maintain my stand even now and believe this price reduction is not enough.
DB Realty whose IPO opens today and closes on Tuesday the 2nd of February has been successful in bringing in the Anchor investors for its issue. The price band for the issue is Rs 468-486.
The anchor investors have come in at the floor price of Rs 468.
This is probably the first issue where the anchor investors have come in at the floor price.
| The names of the investors are as follows | ||
| 1 | India Capital Fund limited | 2,85,865 shares |
| 2 | Janus Contrarian Fund | 21,03,008 shares |
| 3 | ING Janus Contrarian Portfolio | 2,79,195 shares |
| 4 | India Equity Growth Fund Limited | 47,645 shares |
| 5 | ICICI Prudential Life Insurance Company Limited | 16,77,070 shares |
| 6 | Reliance Capital Trustee A/c Reliance Growth Fund | 11,62,515 shares |
| Total | 55,55,298 shares | |
