SVEC Constructions IPO withdrawn

SVEC Constructions IPO has followed the same route as the Emaar MGF and Wockhardt hospitals IPO because of the poor response from the investors. Investors sentiment has gone way low with the listing of Reliance Power IPO and there are no signs of interest in the upcoming IPO’s for at-least some time. There is lot of money waiting in the sidelines but investors are now looking to invest only in quality IPO’s and have to see how the Rural Electrification IPO subscription goes. Investors who have applied in the SVEC IPO can expect the refunds in another 10 to 15 days and applicants who have not received the SVEC IPO refund money can contact the registrar with the application numbers.

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