taking stock

A phrase that the Oxford English Dictionary reports was first used in 1736. It means "to make an inventory of the merchandise, furniture, etc., in one's own possession, recording its quantity and present value, or to make a careful estimate of one's position with regard to resources, prospects, or the like."

Saturday, May 19, 2007

IPO Updates

I applied for two IPOs over the last couple of weeks. Both of them received an overwhelming response and its for sure that luck will have role to play in the allotment. (read as "i have already lost them")

  • MIC Electronics - I applied for 495 shares. The issue was subscribed 50.59 times overall. The retail subscription stood at 31.11 times.
  • Nitin Fire Protection - I applied for 420 shares. The issue was subscribed 48.48 times overall. The retail subscription stood at 30.29 times.
With such high (29-30 times) oversubscription, the possibility of a FIRM allotment is ruled out. As always I'm keeping my fingers crossed. (read as "waiting for the entire refund to come back").

Said Rajesh at 12:46 PM

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