Allotment status of Power Finance Corporation
Applying for multiples greater than 50K seems to be working great for me. I have got an allotment of 80 shares in the Power Finance Corporation IPO. Karvy has not yet released the BoA (Basis of Allotment) details and hence I cannot gauge how lucky I was. I was really hoping on getting some allotment in this issue, since I'm very confident this scrip is going to have a phenomenal listing. The issue was over-subscribed a whopping 150 times in the QIB category. So, all those institutions who were denied allotment are going to be on a buying spree on the listing day.
You can check your allotment status here
This should further improve my IPO hit-rate :-)
Issue | Allotment |
Info Edge India | REJECT |
Parsvnath Developers | Rs. 6000 |
Sobha Developers | REJECT |
Tanla Solutions | REJECT |
Pyramid Saimira | REJECT |
Autoline Industries | REJECT |
Global Broadcast News | Rs. 6250 |
Redington India | REJECT |
Firstsource Solutions | Rs. 8704 |
Power Finance Corporation | Rs. 6800 |
4 out of 10. The hit-rate stands at 40%
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