Pradip Overseas Limited IPO Allotment Status is now available online

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The Issue Price for Pradip Overseas IPO, has been fixed at Rs.110/- per equity share, which is at the upper end of the price band, which was Rs.100/- to Rs.110/- per equity share. Pradip Overseas IPO was open for subscription between Thursday, March 11, 2010 and Monday, March 15, 2010

Pradip Overseas IPO had received a wonderful response from investors with the IPO getting oversubscribed 14.08 times

Pradip Overseas IPO has received a wonderful response from the market with the IPO receiving over-subscription of 14.08 times. The Retail Category has been oversubscribed 10.53 times. The detailed subscription status is as follows:

Pradip Overseas IPO Over-Subscription Status (Final) as on Monday, March 15, 2010 1830 hrs IST:
QIB: 8.57 times
Non-Institutional Investors: 45.35 times
Retail: 10.53 times
Employees: 0.09 times
Overall:14.08 times

Pradip Overseas IPO has been overbid by about 13.70 times till 5:00 PM as per data available on the NSE website. The IPO, which closes for subscription today, was oversubscribed 2.27 times till the second day of its opening with Retail Category getting oversubscribed 1.96 times

Stay tuned to Indian IPO Blog for detailed Subscription Status of Pradip Overseas IPO!

QIB: 1.27 times
Non-Institutional Investors: 7.09 times
Retail: 1.96 times
Employees: 0.05 times
Overall: 2.27 times

Pradip Overseas IPO has received a decent response on First Day with the IPO getting subscribed 2.11 times on the first day. The Retail Category have shown keen interest in the IPO with the Category getting subscribed 1.74 times on the first day itself. However, the chief support on Day 1 has come from the HNI Category which is oversubscribed 7.05 times on Day 1. Following is the detailed subscription status on Day 1:

Pradip Overseas IPO Bidding Status on Day 1, i.e. Thursday, March 11, 2010 1700 hrs IST:
QIB: 1.09 times
Non-Institutional Investors: 7.05 times
Retail: 1.74 times
Employees: 0.01 times
Overall: 2.11 times

Pradip Overseas Limited IPO has been assigned an IPO Grade 2 from ICRA. ICRA assigns IPO gradings on a scale of IPO Grade 5 through to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

Pradip Overseas IPO would remain open for subscription between Thursday, March 11, 2010 and Monday, March 15, 2010

Issue Size: 10,600,000 Equity Shares of Rs.10 each
Issue Opens on: Thursday, March 11, 2010
Issue Closes on: Monday, March 15, 2010
Price Band: Rs.100 to Rs.110/- per equity share
Bid Lot: 60 Equity Shares and in multiples thereof
Listing At: BSE, NSE
Lead Manager: Anand Rathi Sec. Ltd.
Registrar: Link Intime India Pvt. Ltd.

Pradip Overseas, a textile manufacturer, will come up with an IPO, which opens for subscription from Thursday, March 11, 2010. The IPO would consist of 1.06 Cr Equity Shares of Rs.10/- each, comprising of 5 Lakh Equity Shares reserved for subscription by eligible employees and a net issue of 1.01 Cr Equity Shares to the public

Pradip Overseas Ltd. had filed Draft Red Herring Prospectus (DRHP) had filed in January 2009. The IPO will remain open for subscription till Monday, March 15, 2010

Stay tuned for Price Band, Bid Lot and other info on Pradip Overseas IPO!