Ortel Communications Ltd IPO Message Board (Page 1)

OK. It got stuck at 10% lower circuit at 168 Rs.

What happened, is the stock stuck at 5% lower circuit at 168 Rs like shemaroo!!! no buyers ?

Will list around 135 -145

That will be really really bad. Even though I didn''t subscribe I wish people to get an opportunity to exit tomorrow at 5-10% loss.

Aapko Kase pata chala ki ortel 19th ko listing ho raha hai ...?

Bhai news ayaa list hoga to likh diya.

So, it''s listing on 19th March. Let''s see the response.

I am anxiously waiting to see the listing price.

Thank You Durairaj,Tirupur.You have explained it so beautifully.

As per MoneyControl

"Ortel IPO closes, offer size reduced The IPO received bids for 71,23,125 shares against an offer of 94,42,575 scrips, reflecting a subscription of 0.75 times, data available with the National Stock Exchange showed. "The Ortel IPO has been successfully closed on Thursday."

Wow...Check this...

Ortel Communications IPO successfully closed, despite it remain unsubscribed, after the offer size been reduced. As per statement from the book running lead manager, ''Ortel has successfully raised its entire primary capital requirement as stated in the IPO Red Herring Prospectus, along with providing partial exit to New Silk Route (NSR)''.

How is that possible??

New Silk Route is an private equity fund.
Guys this IPO is not a PURE IPO its a part OFS(offer for sale) too. So company issues only 60 lakh shares to raise funds, the balance shares are offered for sales by existing shareholders so the process from this will not go for the company.

So the subscription of shares has crossed 60 lakhs, which is the fresh issue hence the IPO is a success and the OFS portion will be considered as unsubscribed.

since company has raised the fund required so its a success, whereas the shares sold by existing shareholders only is still unsubscribed.

hence IPO is declared to be success.

hope this helps you guys to understand the situation.

Thank you Durairaj. This totally make sense.

5 PM Subscription Figures:
Total Issue Size      94,42,575
Total Bids Received      71,00,625
Total Bids Received at Cut-off Price      3,95,250
No. of times issue is subscribed      0.75

WHAAT HAPPEN?
CLOSED OR EXTENDED OR WITHDRAWN!

Hi Duraiswami,

IPO subscribed 0.75 in total. It doesn''t seem they have extended the date, at least they have not announced.

Chances are high that it will be withdraw.

Things should clear in next few hours.

Pooja

kitna bhara ortel ? 5PM ho gaya. any updates

A clear avoid to ortel and adlabs I still hope no one will waste money by applying

At 3 PM Subscription figures:
Total Issue Size 94,42,575
Total Bids Received 63,11,100
Total Bids Received at Cut-off Price 2,31,600
No. of times issue is subscribed 0.67

3 PM Subscription figures:
Total Issue Size      94,42,575
Total Bids Received      63,11,100
Total Bids Received at Cut-off Price      2,31,600
No. of times issue is subscribed      0.67

Isn''t it a lot of increase in the last one hour. Seems something fishy.

But it is not worth putting your capital at risk as most of brokerages have told AVOID. In case of monte carlo, all brokerages told to subscribe, but still it tanked badly.

First they will extend the dates maybe and finally it will be withdrawn. Retail Investors subscription is too low and seems Monte Carlo taught some lessons which is yet to achieve it''s issue price on exchange.

At 2 PM Subscription figures:
Total Issue Size      94,42,575
Total Bids Received      42,70,350
Total Bids Received at Cut-off Price      1,80,675
No. of times issue is subscribed      0.45

At 1 PM:
Total Issue Size      94,42,575
Total Bids Received      42,28,275
Total Bids Received at Cut-off Price      1,69,500
No. of times issue is subscribed      0.45

12 AM subscription figures:

Total Issue Size      94,42,575
Total Bids Received      39,60,075
Total Bids Received at Cut-off Price      1,26,525
No. of times issue is subscribed      0.42
Graph Logic

Looks like the IPO will find it difficult to get fully subscribed.

Source: http://www.smartinvestment.in/
Ortel & Adlabs IPOs Grey Market premium started

Ortel Communication Grey Market premium crashed from Rs. 60 to Rs. 12 (Seller)

Adlbas Entertainment Rs. 25 to 27 (Seller)