REC IPO Allotment Chances – Rural Electrification IPO Allotment

REC IPO Allotment chances look good for the investors who have applied in this issue. REC IPO was subscribed by over 29 times, with majority of bids coming from the Qualified Institutional Buyers. Retail Segment was over subscribed by around 6 times and investors who have applied for more than Rs. 30000 should definitely stand a chance in getting the allotment of REC IPO. Allotment will be through lottery basis and when taking in to account the number of applications received under the retail segment, investors have shown good faith and interest in this issue compared to the other big issues which flopped in recent months. REC IPO was fairly priced and investors can definitely hold on this stock for medium to long term for good returns. Grey Market premium of REC IPO is quoting around Rs. 15 to Rs. 20 and investors should be able to make listing gains. REC IPO Allotment will be made available in the 1st week of March and do check back for updates on Rural Electrification IPO Allotment and Listing Date. Good Luck to all the investors for REC IPO Allotment.

Update:  Rural Electrification Corporation IPO Allotment

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