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Business Standard.com reports that due to the overwhelming popularity of the Coal India IPO, the lead managers were forced to extend the time limit to 1 am on Friday, as they were still receiving subscription forms. The story is quoted as saying: The last day of the issue saw a scramble among retail investors to […]
Business Standard.com reports that due to the overwhelming popularity of the Coal India IPO, the lead managers were forced to extend the time limit to 1 am on Friday, as they were still receiving subscription forms.
The story is quoted as saying:
The last day of the issue saw a scramble among retail investors to participate in the IPO. The deluge of applications on the closing day saw the retail portion being subscribed 2.32 times (it was 0.8 times on Wednesday) till 10 am on Thursday. CIL employees, however, missed the bus.
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