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December 21, 2007

PORWAL AUTO COMPONENTS LTD IPO – Final subscription status

PORWAL AUTO COMPONENTS LIMITED in the end barely managed to get fully subscribed (1.03 times). Retail investors pitched in most of it (2.44 times). QIB (0.2 times) and Non Institutional (0.48 times) remain unsubscribed.

Hard luck for all those who applied. Let us hope that the issue price is fixed at lower end of offering at Rs. 68-

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