i-flex to be listed on June 28

IRIS

i-flex IPO is all set to get listed on the bourses on June 28. The stock will

begin trading at Rs 530 per share, same as the floor price for the book building

exercise.






The IPO was oversubscribed 2.7 times. While three-fourth of the bids were at the
floor price of Rs 530, around 10 per cent bids were at Rs 540.






Since the issue has been oversubscribed, allotments will be made on a
proportionate basis.