The company issued 1 million units of shares worth Rs 100 million to the foreign migrated workers. A total of 62,968 applicants applied for 2,108,820 units of shares out of which 21 applications were cancelled while 62,947 applications were approved.
Given that the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines under which 20,065 applicants were provided 10 units of shares. Moreover, out of 42,882 applicants who had applied for more than 10 units of shares, 37,053 applicants were provided additional 10 units of shares making their share count 20.
