Man Infraconstruction IPO Allotment Status is now declared online. The Basis of Allotment for the IPO will be updated here soon. Check back frequently for latest updates on Man Infraconstruction IPO - Basis of Allotment

Man Infra IPO, which had opened from February 18, 2010, was oversubscribed 62.53 times, with the Retail Category getting oversubscribed 10.26 times

Update: Man Infra IPO - Basis of Allotment

(Summarized for Retail Investors)

The Retail Category was under subscribed 0.22 times. Hence, allotment was done on Firm Basis. As per the Red Herring Prospectus, the unsubscribed portion of Retail individual Bidders portion was met with the spill over from Non Institutional Bidders category (9,30,718 equity shares), QIB category (55,84,307 equity shares) and additional spill over from Non Institutional Bidders category (1,125 equity shares) due to additional withdrawal. The total number of shares allotted in this category is 18,08,850 Equity Shares to 19,024 successful applicants

ARSS Infraprojects Ltd. will be listed and admitted to the dealings of the Exchange effective from Wednesday, March 03, 2010, the Equity Shares of ARSS Infrastructure Projects Limited will be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities:

ARSS Infraprojects Ltd. IPO Listing Date and Info:
ISIN: INE267I01010
IPO Listing Date: Wednesday, March 03, 2010
BSE Script Code: 533163
NSE Symbol: ARSSINFRA
Listing in: 'B' Group of Securities
Issue Price: Rs.450/- per equity share

The Issue Price for ARSS Infraprojects Ltd. IPO has been fixed at Rs.450/- per equity share, which is at the higher end of the price band of Rs.410/- to Rs.450/- per equity share

ARSS Infrastructure Projects Ltd. IPO had received an outstanding response from the investors, with the IPO getting oversubscribed by an incredible 47.62 times on an overall basis. The IPO had received open-hearted response from all the categories, with a remarkable response from the HNI Category which was overbid 124.53 times

The Retail Category was subscribed to the extent of 0.14 times and hence Allotment was done on Full and Firm basis to all valid applicants. The total number of Equity Shares Allotted in Retail Individual category is 20,546,960 Equity Shares to 89,196 applicants. Under-subscription in the Retail Portion of 122,253,040 Shares was added to the QIB Portion

United Bank of India IPO, which closed for subscription today, i.e. on Thursday, February 25, 2010, has concluded with a passionate response from Investors. The IPO has been oversubscribed by an impressive 33.38 times on an overall basis with a strong response from QIB and HNI Categories, which are oversubscribed 47.08 times and 39.15 times respectively. Retail Investors have also joined in on the last day of the IPO, with a zealous response with the category finally getting oversubscribed 9.80 times

It deserves mention that the IPO was subscribed only 2.65 times till yesterday, i.e. till second day of its opening with the Retail Category getting subscribed only 70.01% till Day 2

United Bank of India IPO Subscription Status (Final) as on Thursday, February 25, 2010 1900 hrs IST:
QIB: 47.08 times
Non-Institutional Investors: 39.15 times
Retail: 9.80 times
Employees: 0.53 times
Overall: 33.38 times

Click here to view United Bank of India IPO - Subscription Statistics

Category		No.of shares offered / reserved		No. of shares bid for		No. of times of total meant for the category
QIB		28500000		1341847100		47.0824
HNI		4750000		185974500		39.1525
Retail (RII)		14250000		139704100		9.8038
Employees		2500000		1325200		0.5301
Overall						33.38	times

The Retail Category was subscribed 0.439 times. 741 applications for 3,14,700 Equity Share were made under the ASBA process out of which 687 vaid applications for 2,99,700 equity shares were considered for allotment. The unsubscribed portion of Retail individual Investors Category, i.e. 16,87,595 equity shares has been added to the Non Institutional Investors category. The total number of shares allotted in this category is 13,25,100 Equity Shares to 2378 successful applicants. All the applicants in this category have been given full and firm allotment

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No. of Sh Applied		No. of Sh Allotted		Ratio
25		25		10:17
50		29		1:1
75		44		1:1
100		59		1:1
125		74		1:1
150		88		1:1
175		103		1:1
200		118		1:1
225		132		1:1
250		147		1:1
275		162		1:1
300		177		1:1
325		191		1:1
350		206		1:1
375		221		1:1
400		235		1:1
425		250		1:1
		Addl 1 Sh		7:64
450		265		1:1

The Retail category was over subscribed 1.67 times. As per the Prospectus, the spill over portion from QIB Category was 18,78,049 equity shares and additional 30,360 Equity Shares were allotted due to Retail discount of Rs. 5/- per equity share. The total number of equity shares allotted in this category is 43,13,908 Equity Shares to 21,228 successful applicants

The Retail category was subscribed 0.35 times. As per the Red Herring Prospectus, the unsubscribed portion of Retail Portion is spill over to Non Institutional Portion (8,94,062 equity shares), QIB Portion (53,64,374 equity shares) and Additional spill Over to Non institutional Portion (25,970 equity shares) due to cheque return & rejections. The total number of shares allotted in this category is 33,30,978 Equity Shares to 22,131 successful applicants. The shares were allotted on a Firm Basis

The Equity Shares of Hathway Cable & Datacom Ltd. will be listed and admitted to dealings on the exchanges in the list of ‘B’ Group of Securities with effect from Thursday, February 25, 2010. Listing Details are given below:

Hathway Cable & Datacom Ltd. IPO Listing Date and Info:
ISIN: INE982F01028
IPO Listing Date: Thursday, February 25, 2010
BSE Script Code: 533162
NSE Symbol: HATHWAY
Listing in: 'B' Group of Securities
Issue Price: Rs.240/- per equity share

The FPO of the state-run Rural Electrification Corporation Ltd., which closed for subscription today, has been subscribed 3.14 times on an overall basis. The QIB portion has been oversubscribed 5.52 times. However, Retail Investors have not shown much of a keen interest in the FPO with the category remaining subscribed at 0.23 times or 22.97% only.

REC FPO Bidding Status (Final) as on Tuesday, February 23, 2010 1800 hrs IST:
QIB: 5.52 times
Non-Institutional Investors: 2.05 times
Retail: 0.23 times
Employees: 0.85 times
Overall: 3.14 times

Credit Rating Agency ICRA has assigned an IPO Grade 3 to the IPO of United Bank of India. ICRA assigns IPO gradings on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. An IPO Grade 3 from ICRA means that the company has average fundamentals. The IPO Grading Document for United Bank of India IPO can be downloaded from here


The IPO consists of 5 Crore Equity Shares, having a Face Value of Rs.10/- each. The IPO would remain open for subscription between Tuesday, February 23, 2010 and Thursday, February 25, 2010. The day to day subscription status of the IPO will be posted here. Check back Indian IPO Blog frequently for latest updates on United Bank of India IPO!


More posts on United Bank of India IPO:
> United Bank IPO opens for subscription
> United Bank of India IPO | Download Red Herring Prospectus
> United Bank of India IPO Bid Lot and Price Band
> United Bank of India IPO - Objects of the Issue
> United Bank of India IPO Details
> United Bank of India IPO Price Band
> United Bank of India IPO to open from Tuesday, February 23, 2010

Credit rating agency, CARE has assigned an IPO Grade '4/5' for the IPO of United Bank of India IPO, indicating above average fundamentals. CARE assigns IPO Grades on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. CARE's IPO Grading assigned to any individual issue represents a relative assessment of the fundamentals of the issuer

The IPO Grading Document for United Bank of India IPO can be downloaded from here

Man Infra IPO, which opened for subscription from Thursday, February 18, 2010, has been greeted with a whole-hearted response from investors with the IPO receiving highest subscription in the last two years. The IPO has received oversubscription to the tune of an astounding 62.53 times on an overall basis. There has been an overwhelming subscription in the category of QIB and HNI Investors, which are oversubscribed by an astounding 96 and 105 times respectively

The IPO of Man Infraconstruction Limited, which opened for subscription on Thursday, February 18, 2010, had received a terrific response on the Day 1 with the IPO getting subscribed 3.10 times on the opening day.


Man Infraconstruction Ltd. IPO Subscription Status (Final) as on Monday, February 22, 2010 1815 hrs IST:
QIB: 96.06 times
Non-Institutional Investors: 104.54 times
Retail: 10.26 times
Employees: 0.01 times
Overall: 62.53 times

The Equity Shares of Emmbi Polyarns Limited shall be listed and admitted to dealings on the exchanges in the list of ‘B’ Group of Securities with effect from Wednesday, February 24, 2010. Listing Details are given below:

Emmbi Polyarns Ltd. IPO Listing Date and Info:
ISIN: INE753K01015
IPO Listing Date: Wednesday, February 24, 2010
BSE Script Code: 533161
NSE Symbol: EMMBI
Listing in: 'B' Group of Securities
Issue Price: Rs.45/- per equity share

Issue Size: 50,000,000 Equity Shares of Rs. 10/- each
Issue Opens on: Tuesday, February 23, 2010
Issue Closes on: Thursday, February 25, 2010
Price Band: Rs.60/- to Rs.66/- per equity share
Bid Lot: 100 Equity Shares and in multiples thereof
Listing on: BSE, NSE
Lead Managers: Edelweiss Cap. Ltd., SBI Cap. Markets Ltd.
Registrar: Link Intime India Pvt. Ltd.



More posts on United Bank of India IPO:

> United Bank of India IPO | Download Red Herring Prospectus

> United Bank of India IPO - Objects of the Issue
> United Bank of India IPO Rating

Texmo Pipes & Products IPO has been finally subscribed 7.48 times on an overall basis. The IPO has received strong support from the HNI Category which has been oversubscribed 30.50 times. It has also managed to bring energetic support from Retail Category which is oversubscribed 7.26 times. The response from QIB Category has been relatively feeble as compared to other categories, although the same is fully subscribed


Texmo Pipes & Products Ltd. IPO Subscription Status (Final) as on Friday, February 19, 2010 1700 hrs IST:
QIB: 1.02 times
Non-Institutional Investors: 30.50 times
Retail: 7.26 times
Employees: 0.31 times
Overall: 7.48 times

Issue Size: 171,732,000 Equity Shares of Rs.10/- each
Issue Opens on: Friday, February 19, 2010
Issue Closes on: Tuesday, February 23, 2010
Floor Price: Rs.203/- per equity share
Bid Lot: 30 Equity Shares and in multiples thereof
Lead Managers:
1. DSP Merrill Lynch Ltd.
2. ICICI Securities Ltd.
3. JM Financial Consultants Pvt. Ltd.
4. Kotak Mahindra Capital Co. Ltd.
Registar: Karvy Computershare Pvt. Ltd.

The Equity Shares of DB Realty Limited shall be listed and admitted to dealings on the exchanges in the list of ‘B’ Group of Securities with effect from Wednesday, February 24, 2010. Listing Details are given below:

DB Realty Ltd. IPO Listing Date and Info:
ISIN: INE879I01012
IPO Listing Date: Wednesday, February 24, 2010
BSE Script Code: 533160
NSE Symbol: DBREALTY
Listing in: 'B' Group of Securities
Issue Price: Rs.468/- per equity share