Samvardhana Motherson Finance Limited (SMFL) IPO is open for subscription from May 2 to May 4, 2012. This post would cover the subscription status of the same on a daily basis.
Update: May 04, 2012
SMFL has withdrawn its IPO due to poor demand.
It was only able to subscribe 23% till 4:00 PM the end of third day. I think its time that companies become realistic about pricing their IPO.
SMFL IPO Subscription Day 2:
SMFL IPO subscribed 0.09 times on second day of issue (May 3)
- Qualified Institutional Buyers (QIB) – 0.23
- Corporates/ HNIs – 0.00
- Retail Individual Investors (RIIs) – 0.00
SMFL IPO Subscription Day 1:
SMFL IPO subscribed 0.03 times on first day of issue (May 2)
- Qualified Institutional Buyers (QIB) – 0.08
- Corporates/ HNIs – 0.00
- Retail Individual Investors (RIIs) – 0.00
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