Monday, March 10, 2008

Gammon Infrastructure Projects Limited IPO Information

Public Issue Open: March 10, 2008 to March 13, 2008
Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
Public Issue Size: 16,550,000 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: Rs 167/- to Rs 200/-
Market Lot: 35 Shares
Minimum Order Quantity: 35 Shares
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing: BSE, NSE

IPO payment options
1. Payment Method - 1 (Partial payment option)
Even though the issue price of the GIPL IPO is in between of Rs 167/- to Rs 200/- per equity share, investor are allowed to pay a partial amount Rs 50 Per Equity share at the time of bidding.

2. Payment Method - 2 (Full payment option)
In this case the investor pay full amount at the time of submitting the bid.

The grey market premium is just Rs.18 to Rs.19. A Moneycontrol poll with some leading brokers state retail investors to avoid the issue.

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