The company issued 924,768 units of shares at Rs 820 from December 22-26. During the issue, a total of 532,888 applicants applied for 27,215,100 units of shares. Out of total applications, 519,046 applications were approved and 13,842 applications were cancelled.
Given that the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines under which 18,495 applicants obtained 50 units of shares through lottery. The remaining 18 units were also distributed as per the guidelines, thus, eighteen allotees obtained one extra unit of share making their share count 51.
