Subject: MBL Infrastructures IPO - Option to withdraw application
1. SEBI asked to offer withdrawal option to MBL Infrastructures IPO investors due to company's failure to disclose a dispute with State of Jharkhand in its Red Herring Prospectus.
Company published a letter to its investors giving the option to withdraw from the public issue with in 10 days. The last date of receipt of request for withdrawal shall be 10th day from the date hereof, i.e., on or before 5.30 PM on December 22, 2009.
This may cause some delay in share allotment and refund for MBL Infrastructures IPO. Investors who do not want to block their money may withdraw their IPO application in 10 days.
For more detail and discussions about IPO withdrawal options visit:
2. D B Corp Ltd IPO subscribed 2.45 times on its day 2. D B Corp Ltd IPO was open on December 11, 2009 and fully subscribed on first day. The issue of D B Corp is closing tomorrow for subscription. D B Corp has received bids for 3,65,30,760 shares as against issue size of 1,49,03,500 shares. Retail quota of the issue subscribed 0.2008 times and QIB's subscribed 4.4664 times. Non Institutional category subscribed 0.7380 times.
Click on the below link to find more detail about D B Corp Ltd IPO:
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