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February 13, 2008

KNR Constructions Ltd IPO - Allotment Status

The allotment status of KNR Constructions Ltd IPO that was closed on 29 Jan is out and is available at http://www.intimespectrum.com/site/ipo.asp

However there is not much meaning for allotment status as retail was subscribed only o.28 times so unless there is problem in application, all retail investors should have got allotment and also little refund as allotment happened at lower end of price band i.e. Rs. 170.

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