Likewise, applications for 150 units to 160 units are allotted 10 units each and applications for above 170 units are allotted 6.38% of applied units. In this regard, applications for 170 units received 11 units and the application for 25,580 units, maximum applicable units, received 1,630 units of shares.
According to the issue manager, 99 applicants received 1,630 units of SCB’s FPO shares.
Standard Chartered Bank had issued 25,58,140 unit shares at premium price of Rs 1,290 per share via FPO. The public offering was oversubscribed by 11.4 times.
Out of the total 2,21,613 applicants, 4,291 applicants were invalid.
