Analysis and Insights into the world of IPOs and investing in India

Monday, January 10, 2011

Midvalley Entertainment IPO subscribed 0.86 times on opening day

Midvalley Entertainment IPO subscribed 0.86 times or 86% on an overall basis on the opening day of the IPO, when the markets crashed 467 points. The Retail Category got subscribed fully on the opening day with 1.89 times subscription. There has been no bids from the QIB Category on the opening day

The IPO has been assigned an IPO Grade 1/5 by Brickworks. Brickwork Ratings  ‟BWR IPO Grade 1” indicates poor fundamentals for the issue in relation to the other listed equity securities in India. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to the other listed equity securities in India

Mid Valley Entertainment Ltd. is engaged in film production, distribution & exhibition in South India. Check back Indian IPO Blog for the latest subscription status on Midvalley Entertainment IPO!
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