Out of the total 298,353 valid applicants, 273,153 applicants were left empty-handed while 585 applicants were canceled due to faulty applicants.
Sparsha Laghubitta issued 269,630 units of ordinary shares to the general public from March 10. The company allotted 4,148 units to employees and 13,482 units to mutual funds. The general public could apply for the remaining 252,000 unit of shares.
After the IPO, the paid-up capital of the company has reached Rs 82.9 million maintaining its promoter and ordinary share ownership to 67.50:32.50.