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Wednesday, February 20, 2013

V-Mart Shares disappoint on listing

As expected, V-mart shares were listed a tad above its issue price and ended 3% down.This IPO was reviewed here.
This blog had categorically warned its readers to stay away from this issue and advised no to get tempted even in the case of any price rise which may be operator driven.
On the last day,this issue saw over-subscription in FII and DII category while retail portion was subscribed around 80 %.
By the end of the day only 5.5 lakh shars were traded. 

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