The company had issued 684,750 units of shares worth Rs 6,84,75,000 at a face value of Rs 100 per share to the general public from April 5 to April 8. A total of 2,784,519 applicants had applied for the shares. Out of total applications, 2,635,634 applications were approved while the rest were rejected.
Given that the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines, under which 68,475 applicants were provided 10 units of shares through lottery.
