The company had issued 1427,600 units of shares at a face value of Rs 100 per share to the general public from June 17 to 22. A total of 2,862,909 applicants had applied for 30,655,430 units of shares. Out of them, 2,815,679 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 142,760 applicants have been allotted 10 units of shares through lottery.
