Vaswani Industries IPO was subscribed around 4 times. The retail category was subscribed around 7 times.

However a large number of applications were withdrawn after the IPO closed.

Retail investors got 75% allotment, panicked and complained to SEBI.

SEBI is now investigating what led to such a large number of withdrawals.

To be honest, I have no sympathy for such investors.

In the past, I have booked losses in IPOs like Indiabulls Power. I don't blame anyone for that except myself.

Investors should understand the risks of applying for over-valued or junk IPOs.

Sebi halts listing of Vaswani Industries - The Times of India

__________________
Read All Rules Before Making Any Post | E-Investing on Google+

The basis of allotment for Vaswani Industries is available here:

Basis Of Allotment

Note how the subscription figures changed after the IPO closed.

QIB subscription after the IPO closed:

8,00,040 shares.

QIB subscription at the time of the allotment:

8,00,040 shares (No changes).

NII subscription after the IPO closed:

1,69,35,240 shares.

NII subscription at the time of the allotment:

18,65,640 shares (1/9th of the original figure).

Retail subscription after the IPO closed:

2,38,87,440 shares.

Retail subscription at the time of the allotment:

1,17,98,280 shares (1/2 of the original figure).

__________________
Read All Rules Before Making Any Post | E-Investing on Google+

Did you apply for this IPO?

I did not go for it. .

Happy Investing

Of course not.

I didn't even post about it - it wasn't worth wasting time for.

__________________
Read All Rules Before Making Any Post | E-Investing on Google+

Finally after a wait of 5 months, the stock has been listed.

http://www.nseindia.com/marketinfo/e...ries=EQ&flag=0

Here are the details of SAT order Vaswani Industries IPO:

http://www.sebi.gov.in/cms/sebi_data...4348088020.pdf

__________________
Read All Rules Before Making Any Post | E-Investing on Google+