Is softlogic oversubscription information accurate?

nilantha wrote:according to the sec daily report softlogic retailer sector was oversubscribe by 2.56times.
but thy have allotted all the retiles fully and up to shares 34500
my q is how they allotted all the shares if oversubscribed by 2.56


pls go through with this matter

nilantha wrote:according to the sec daily report softlogic retailer sector was oversubscribe by 2.56times.
but thy have allotted all the retiles fully and up to shares 34500
my q is how they allotted all the shares if oversubscribed by 2.56


pls go through with this matter

nilantha wrote:according to the sec daily report softlogic retailer sector was oversubscribe by 2.56times.
but thy have allotted all the retiles fully and up to shares 34500
my q is how they allotted all the shares if oversubscribed by 2.56


pls go through with this matter

npp wrote:again I post the question, is it right to close the issue fi the retail category is not fully subscribed on day 1 ?

DK wrote:

npp wrote:again I post the question, is it right to close the issue fi the retail category is not fully subscribed on day 1 ?

Hi npp,

There is no restriction on the subscription of the retail category for the IPO closure. An example text on an IPO would be: "Offer would be open from dd-mm-yyyy for xx market days or until the date the issue is fully subscribed."

Check what Softlogic has said in their IPO.

swarnasana wrote:
Over-subscribed means, the total applied is above and over the issued number, irrespective of the numbers under each category.

npp wrote:

swarnasana wrote:
Over-subscribed means, the total applied is above and over the issued number, irrespective of the numbers under each category.

thank you for that information.

if i continue i sound silly so ill leave it at that

CSE Today wrote:

npp wrote:

swarnasana wrote:
Over-subscribed means, the total applied is above and over the issued number, irrespective of the numbers under each category.

thank you for that information.

if i continue i sound silly so ill leave it at that

Dear NPP..refer to this link ..the answer to your Q is on 2nd page of it...

http://www.cse.lk/270808/pdf/rules_regulations/cse_circulars/25_05_2011_CSE_Circular.pdf

Regards

npp wrote:

CSE Today wrote:

npp wrote:

swarnasana wrote:
Over-subscribed means, the total applied is above and over the issued number, irrespective of the numbers under each category.

thank you for that information.

if i continue i sound silly so ill leave it at that

Dear NPP..refer to this link ..the answer to your Q is on 2nd page of it...

http://www.cse.lk/270808/pdf/rules_regulations/cse_circulars/25_05_2011_CSE_Circular.pdf

Regards

thank you for your understanding. you came closer to understanding me
but imagine this. retail category and unit trust category combined were subscribed for less than 50%. yet if the total issue was oversubscribed on the first day, the issue will close
but i it right to do so or should the issue be kept open for only the retail/UT category until they are subscribed too?
people are used to IPOs being closed on opening day itself, but that doesn't mean that some will decide to subscribe on 2nd, 3rd days if it is under-subscribed (of course it may speak negatively on he quality of the IPO but still)