Serrano Limited announced its IPO results this evening.
The public tranche of 1.5m shares as 7.6x subscribed and all investors who applied for the shares will get some shares. I am not familiar with the names mentioned in the placement tranche.
My personal gut feel is that the results is actually not that bad and investors who applied for the shares should be able to "flip" the issue. My "line man" in UOB said there should be some "supporter" for this stock as long as the markets remain stable.
Good luck to those who applied.