The bank issued 9,250,469 units of FPO at Rs 157 on July 15-20. In the issue, a total of 1,825,922 applicants applied for 38,591,160 units of shares. Out of the total number of applications, 1,704,273 applications were approved.
Given that the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines under which 925,046 applicants were provided 10 units of shares through lottery. The remaining 9 shares were allotted to the allottees who had applied for 20 units of shares. Accordingly, 9 applicants received one extra unit making their share count 11.
