i think its a super flop... at end of today only 0.18 times subscription.
But retail portion subscribed 0.35 times.. looks like few people are getting all the wrong advice!
ADLABS ENTERTAINMENT LIMITED
Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 12522536 2209220 0.18
1(a) Foreign Institutional Investors(FIIs) 0
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 2209220
1(c) Mutual funds 0
1(d) Others 0
2 Non Institutional Investors 3048934 290355 0.09
2(a) Corporates 108680
2(b) Individuals(Other than RIIs) 181675
2(c) others 0
3 Retail Individual Investors(RIIs) 2032622 702390 0.35
3(a) Cut Off 332020
3(b) Price bids 39585
Total 17604092 3201965 0.18
IPOs: multiple lots from single account or multiple accounts 1 lot each
Cellpoint ipo - A good opportunity to invest in mobile retailing?