Zylog + Omnitech heavily over subscribed
Wednesday, July 25, 2007
The
IPO of Zylog Systems for which we had a SUBSCRIBE recommendation was heavily subscribed by Retail and Institutional Investors.
Total over-subscription 76.51 times. Here is the final break up.
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| Qualified Institutional Buyers (QIBs) | 2100000 | 188063600 | 89.5541 |
| Non Institutional Investors | 350000 | 50383980 | 143.9542 |
| Retail Individual Investors (RIIs) | 1050000 | 36889600 | 35.1330 |
The fate of Rs 98,000 application will also be decided by lottery. Ratio of allotment for Rs 98,000 application will be 1 : 2.5. Grey Market Premium si already Rs 150+. Good Luck!!!
Omnitech Info Solutions:The issue was oversubscribed by 61.84 times. Here is the final breakup.
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 1847199 | 114073140 | 61.7547 |
| 2 | Non Institutional Investors | 554160 | 60216660 | 108.6629 |
| 3 | Retail Individual Investors (RIIs) | 1293039 | 65884920 | 50.9535 |
The stock is expected to list at Rs 150. Good Luck for your allotment. We strongly recommend value investors to
AVOID IVR Prime Urban Developers IPO.
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