Development Credit Bank Ltd IPO Message Board (Page 3)

The Economic Times :-

Canara Bank is said to be the biggest bidder in the IPO and has put in a bid of over Rs 100 crore (Rs 1 billion). IDFC and Reliance Capital have also bid for over Rs 100 crore. FIIs, which have also put in significant bids, include Sovereign Global and Sandstone Capital. Public sector banks have in the past couple of years put in major bids in bank issues. However, they normally exit post-listing. Sources said Barclays has put in a bid for 4.9% of the enlarged share capital of the bank. The group has bid through Barclays Capital Mauritius.

The DCB IPO has seen an over-subscription of 36 times. Qualified institutional buyers, QIBs, which were eligible for 50% of the IPO, have put in bids of 37.9 times, institutional investors including HNIs which were eligible for 15% have put in bids of 84 times and the retail portion saw an oversubscription of 15 times.

Usually it takes 8 to 10 days to get allotment of an IPO. DCB was closed on 06 Oct and allotments should come out around 15th Oct. Listing will take another week.

Looking at the over subscription, if market will remain on this level for next 3 weeks, I expect DCB to list around 45. What do you people say????

When do I expect allotment of DCB and what will be price at listing?

does any one have any idea when is the listing price for DCB and most imp: what is the listing price.

Friends DCB IPO subscribed 30 times...this is final subscribed deatil as per NSE.

DCB retail subscribed 15.3 times.
Investors applied for 3750 (Rs 97500/-) should get 250 shares at least.

DCB IPO oversubscribed around 3.4 times as of today.

DCB IPO has been fully subscribed on Tuesday Oct 03.

Money control gave 5 Star rating to this IPO which means this is the best ever IPO.

5 Star rating at MC is very rare.