The bank issued 1,439,179 units of ordinary shares from December 31 to January 4. In the issue, a total of 2,302,843 applicants have applied for 25,934,930 units of shares. Out of which 2,265,955 applications were approved while remaining were cancelled.
Given that the IPO was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guideline under which 143,917 applicants were provided 10 units of shares through lottery. The remaining 9 units of shares were again distributed among 9 allottees making their share count 11.
