SMFL IPO Daily Subscription Status: IPO withdrawn due to poor demand

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SMFL has withdrawn its IPO due to poor demand.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)

  1. Qualified Institutional Buyers (QIB) – 0.23
  2. Corporates/ HNIs – 0.00
  3. Retail Individual Investors (RIIs) – 0.00

Samvardhana Motherson Finance Limited (SMFL) IPO Daily Subscription Status day 2

SMFL IPO Subscription Day 1:

SMFL IPO subscribed 0.03 times on first day of issue (May 2)

  1. Qualified Institutional Buyers (QIB) – 0.08
  2. Corporates/ HNIs – 0.00
  3. Retail Individual Investors (RIIs) – 0.00

Samvardhana Motherson Finance Limited (SMFL) IPO Daily Subscription Status day 1

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