The company had issued 655,700 units of shares worth Rs 65.5 million at a face value of Rs 100 per share to the general public from June 5 to 10. A total of 2,687,421 applicants had applied for 28,833,720 units of shares. Out of them, 2,641,959 applications have been approved while the remaining applications have been rejected.
Given that the issue was oversubscribed, the allotment took place as per Securities Issuacne and Allotment Guidelines under which 65,570 applicants have been allotted 10 units of shares through lottery.
