Pradip Overseas IPO Allotment Will be sure Lottery

Pradip Overseas Ltd IPO which entered capital markets with an IPO of 10,600,000 Equity Shares of Rs. 10 for cash,was open from March 11, 2010, and closed on March 15, 2010. They had the issue price from Rs. 100 – Rs. 110 Per Equity Share .The issue was oversubscribed by 14 times or so and surprisingly on the retail side it was oversubscribed by 10 times or so .
Over subscription Times

Total Issue Size 10600000
Total Bids Received 149261280
Total Bids Received at Cut-off Price 33391560
No. of times issue is subscribed 14.08

Subscription by Category

>Qualified Institutional Buyers (QIBs) 8.5740
>Non Institutional Investors 45.3523
>Retail Individual Investors (RIIs) 10.5262
>Employee Reservation 0.0874

Pradip Overseas IPO Allotment can be seen here.

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