Out of the total 83,736 applicants, 76,122 applicants were provided 20 units of shares and 7,614 applicants were provided 10 units of shares.
Joshi Hydropower issued 1,690,470 units of IPO worth Rs 169 million including the unsubscribed 242,010 units of shares of the previous IPO issued to locals of the affected area of from December 2-5.
Out of the total units, 3 percent i.e. 50,714 units of shares have been allocated to employees and 84,523 units of shares have been allocated to mutual funds. The general public will be issued remaining 1,555,233 units of shares.
According to Siddhartha Capital, the issue was oversubscribed by 3.70 times. A total of 83,770 applicants had applied in the issue out of which 34 application for 10,630 units of shares were canceled.
