The company had issued 1,743,000 units of ordinary shares worth Rs 174.3 million at a face value of Rs 100 per share to the general public. A total of 2982,498 applicants had applied for 32,478,230 units of shares in the issue. Out of them, 44,416, applications have been rejected and 2,938,082 applications have been approved.
Due to the high number of applications, the IPO allocation of the company has been done through a lottery process. A total of 174,300 people have been allotted 10 units of shares of the company. The results of the IPO will be seen shortly.
