CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which company has initial public offering (IPO) subscribed 0.21 times on March 21, 2016
A
Olivepad
B
DataWind
C
Infibeam
D
None of the above
Explanation: 

Detailed explanation-1: -Out of the 21 IPOs that hit the Indian primary market in the first nine months of 2016 and went on to list on the exchanges, only six failed to deliver positive returns to investors on listing. Surely, things have turned around significantly for the Indian primary market since the start of 2015.

Detailed explanation-2: -Most good IPOs get heavily over-subscribed in the range of 300 to 1000 times under the NII category (HNI) and 15 to 30 times in the retail category by application. The oversubscription also depends on the demand in the grey market. Higher demand for an IPO in the grey market usually leads to higher oversubscribed.

Detailed explanation-3: -The IPO subscription data is the number of shares that have been applied for in an IPO and indicates the demand for an IPO. This is tracked separately for each investor category (Institutional, Non-Institutional, Retail, etc.) and is available in real-time on the websites of the stock exchanges.

There is 1 question to complete.