| Sobha IPO witnessed a tremendous success as its shares were over subscribed by 104 times. The major subscribers of the 88.93 Lacs Sobha Initial Public Offer were the Qualified Institutional Buyers (QIB) as their reserved equity shares were over subscribed by 164 times. The Sobha Shares for retail investors got over subscribed by 17 times and the reserved portion for high net worth individuals (HNI) by 126 times. According to S Ramesh, chief operating officer of Kotak Mahindra Capital, the magnificent growth of real estate industry is the main reason behind the extra ordinary success of Sobha Initial Public Offer besides the company's astonishing constructions and properties in just a few years of its establishment in Bangalore by P N C Menon. | 
