Idea IPO Allotment
Idea shares have been credited to demat accounts of applicants.
However the registrar’s site is not showing the status.
The status will be available here from Monday.
For every 4 shares applied, 1 has been alloted.
For example,
those who applied for 1260 shares have got 344.
those who applied for 630 shares have got 172.
those who applied for 450 shares have got 123.
Idea may not give much premium on listing, but it is definitely a long term hold. India’s cellular market is the fastest growing market in the world and investors who hold for 5+ years, may have a multi bagger in their hands.