As per the issue manger, applicants who had applied from 50 units to 310 units were allotted 10 units through lottery. Applications from 320 units to 500 units were allotted 3.04% on pro-rata basis. Likewise, applications for more than 500 units were allotted 2.93% on pro-rata basis. Similarly, those who had applied for the maximum applicable units, 21,000 units, were allotted 616 units.
Out of 1,01,655 valid applicants, shares are allotted to 71,489 investors. As per the issue manager, 7,72,800 unit shares were allotted to retail investors whereas 11,58,600 unit shares were allotted to large investors.
The hydropower company had set aside 63,000 units shares to its staff and 1,05,000 units shares to mutual funds. Remaining 19,32,000 unit shares were set aside for general public.
The company has a paid up capital of Rs 42 crores. Capitalization of IPO shares will increase the paid up capital of the company to Rs 70 crores.
Click here to check the result of the IPO.
