wierd thing in Aster Silicates Ltd IPO

superman

Well-Known Member
#1
I just went through the IPO subscription detail for this IPO and found that Retail Individual Investors (RIIs) portion has been oversubscribed by whooping 7.4100 times
and Non Institutional Investors by 12.4600 times

Thanks to the magic happened at that last day

This is a grade 2 IPO but still so much intrest ??
 

magnet

Active Member
#2
U forgot to see ipo size...Only 54 crore rupee of shares were on offer....

As we know around 6k amount is always the lot size if we calculate that way just 90k shares were on offer....So its bound oversubscribe ...On contrary being such a small size ipo i would say in order to be great offer it should have to oversubscribe more than 25 times....

Anyways i cant predict listing gain on it...But i surely see either it will start with big gain or big fall....As its such small quantity lot of hands will change ...hope u get my point
 

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