Quote:
Originally Posted by solademi
The info is that it is possibly over subscribed by over 200% and according to the rule, they can only absorb 25% of the excess. At the moment, we do not know what will happen and ow they could absorb more than that 25% otherwise, people will have lots of money returned but possibly not the same scale as Dangote IPO.
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Well if the offer is only 200% oversubscribed then it is not bad at all. Because it means the worst that can happen for most of us is to get 50% allotment even if Bank PHB decides not to keep the extra 25%. If bank PHB decides to keep the extra 25% as mentioned in the prospectus, then most of us will get at least 62.5% allotment. Which is good in my books.