Out of the total valid applications, IPO shares are allotted to 65,508 applications. NIBL Capital Markets Limited, issue manager for the IPO, has allotted 10 units at minimum and 337 units at most to the investors.
Applications for 50 units worth Rs 5,000 to 330 units worth Rs 33,000 are allotted 10 units each through lottery. However, all the valid applications for 340 units and above are allotted on pro-rata basis.
Applications for 340 units worth Rs 34,000 to 500 units worth Rs 50,000 are allotted 2.80% of the applied units on pro-rata basis whereas all the valid applications for over 500 units are allotted 2.24% of the applied units. 337 unit shares are allotted to applications for 15,000 units.
The company had set aside 34,500 units shares to its staffs and 86,250 unit shares to existing mutual funds.
United Modi had issued its IPO shares from 19th Falgun 2073 to 23rd Falgun, 2073. The company had issued 16,04,250 units to general public where applications from 50 units to 15,000 units were called.
After the IPO, the paid up capital of the company has increased to Rs 1.15 arabs.
The company is refunding the non allottess from 5th Baisakh, 2074.
