It was also mentioned that the public offer for this IPO is about 8.9 times oversubscribed.
As usual, the higher the bands, the greater the chance of being allocated the units. On the lowest level, there is a 52% chance of getting as compared to the highest level of a 68% chance. In general, there is a 52%-68% chance of being allocated some units.
For the lower bands, they are some what similar to Maple commercial IPO about 1-2 years ago.
The lowest band (1-9 lots) were allocated 1 lot.
10-19 lots band was allocated 3 lots
20-49 lots band was allocated 6 lots
50-99 lots band was allocated 12 lots.
On higher bands, there is a significant reduction in the lots allocated. Also the chances of getting for this IPO is somewhat lower.
On the millionaire band (more than 1000 lots), there are 135 successful applicants. There are so many millionaires out there that can afford to apply more than 1000 lots in Singapore.
Based on the response for this IPO, I would think that Maple greater china commercial trust will open between a price of $0.95 to $1.00 tomorrow at 2pm. Good luck to all who are allocated units. =)
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