A quick post on one useful fact and one interesting one related to the Indian IPO market.
The useful fact is that Oil India IPO allotment has already been done, and you can find the allotment details here. The shares will list on 30th September.
The thing that I found interesting was that looking through the subscription numbers of ThinkSoft Global Services Limited on NSE’s website, I saw that they have extended the issue close date to October 1st instead of the earlier Sep 24th, and also that they have lowered the price band from Rs. 120 – Rs. 130 to Rs. 115 – Rs. 125.
This in itself is quite striking because it doesn’t happen very often, but the thing that is even more striking is that the Qualified Institutional Buyer portion of Thinksoft IPO shows that not even a single share has been bid for. Now that’s something that doesn’t happen too often, if it happens at all.