The company had issued 4,674,000 units of shares at a face value of Rs 100 per share to the general public from June 1 to 4. A total of 2,759,490 applicants had applied for 30,132,500 units of shares. Out of them, 2,727,515 applications have been approved while the remaining applications have been rejected.
Given that, the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines under which 467,400 applicants were provided 10 units of shares through lottery.
