As per Kumari Capital, issue manager of the company, it is preparing to allot the IPO tomorrow at 9 am in its premises.
The company obtained approval of issuing 2 million units of shares worth Rs 200 million to the ordinary shareholders.
Out of the total approved units, the company already issued and allocated 1 million units of shares worth Rs 100 million to the locals of affected area and 10 percent of general public quota i.e. 100,000 units of shares worth Rs 10 million to the foreign migrated workers.
In the second phase, after securing 20,000 units for employees and 50,000 units to mutual funds, the company is issuing 830,000 units of shares worth Rs 83 million to the general public.
The company received 2,665,174 applications seeking 30,784,820 units of shares from January 26-29. As the issue has been oversubscribed, 2,582,174 applicants will remain empty handed.
