The company had issued 705,500 units of shares at a face value of Rs 100 per share to the general public from May 11 to 6. A total of 2,894,232 applicants had applied for 31,033,180 units of shares. Out of them, 2,850,025 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 70,550 applicants have been allotted 10 units of shares through lottery.
