Indian IPO Blog

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Sanghvi Forging IPO fails to grab attention on second day as well

Sanghvi Forging and Engineering IPO, which opened for subscription from Wednesday, May 04, 2011, has not managed to grab the attention of the investors on the second day of its opening as well. Sanghvi Forging and Engineering IPO has been bid about 0.13 times till Day 2 of its opening

The IPO has received marginal bids in the Retail Category so far, which is subscribed around 19 percent till now. With almost no response shown from the QIB investors, it would be interesting to note how the subscription goes for the IPO in the QIB Category today as the IPO closes for subscription for that category today. For other investors, the IPO would remain open for subscription till Monday, May 09, 2011

Stay tuned to Indian IPO Blog for the latest updates on the IPO!

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