Rural Electrification IPO Allotment Looks good

February 22, 2008

Rural Electrification IPO Allotment is expected in the first week of March 2008. Rural Electrification IPO was overall subscribed by over 29 times and the retail segment over 7 times . Qualified institutional buyers have shown good interest in this IPO and the segment was very well oversubscribed. Investors can expect good returns on the listing day close to over 15% as the pricing of the issue has left decent amount for the investors to take on the listing day. Compared to its peers like the PFC the stock is priced well and should list well. REC IPO Allotment will be lottery based and investors can expect returns if they have applied for more than 480 shares. Rural Electrification IPO Allotment Basis will be updated here as and when available, so visit back later for REC IPO Allotment.

Posted in IPO-Allotment, Indian IPOs