Tuesday, October 30, 2007

Risk in Underwriting

Merchant bankers have to sheel out Rs 300 Cr to rescue Cairn IPO

Economic Times 3 Jan 2007

The retail portion was subscribed 0.67 times.
The HNI category fared worse at 0.36 times.

the balance was subscribed by the merchant bankers of the issue, Merrill Lynch, Morgan Stanley and ABn rothschild

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