Indian Stock Market News and Analysis

Magnum Ventures IPO closed for subscription yesterday. Though the subscription figures were not that great the Magnum Ventures IPO managed to sail through. Overall, the Magnum Ventures IPO was subscribed by 2.95 times (oversubscribed 1.95 times). The retail investor category in the Magnum Ventures IPO got subscribed by less than 3.5 times (oversubscribed by 2.38 times). Institutional investor category in the Magnum Ventures IPO has been subscribed by about 2.35 times (oversubscribed around 1.35 times) and the High Networth Individual category has been subscribed by over 4 times (oversubscription ratio : 3 times). Allotment will be high for retail investors since the retail investor category in the Magnum Ventures IPO has not been heavily oversubscribed. However, retail investors are likely to make low returns in the Magnum Ventures IPO since, even though the allotment will be high, Magnum Ventures IPO is likely to list at a very low premium. Magnum Ventures IPO might even provide listing losses if the market sentiment is bad during the time of its listing. Good luck to all investors who apllied in the Magnum Ventures IPO. For updates on the IPO allotment status, refund details and listing date of Magnum Ventures IPO, do check this blog regularly