As per Civil Capital, issue manager of the company, 80.89 percent of applicants were left empty-handed. The allotment made under Securities Issuance and Allotment Guidelines distributed 10 units of shares to 62,993 applicants.
Out of the total offered shares, the company allocated 33,700 units to mutual fund and 10,370 units to employees. Moreover, 627 applications seeking 17,240 shares have been canceled due to faulty applications.
The company issued 629,930 units of shares as an IPO to the general public from May 27-30. The company issued 32.50 percent of issued capital to the general public.