According to Nabil Investment Banking, issue manager of the company, the IPO issue fetched an application for 13,944,410 units of shares against its offered 1,830,265 units of shares. The issue is oversubscribed by 7.61 times.
As per Securities Allotment Guideline, merely 183,000 applicants will be provided 10 units of shares In the allotment. Based on this, 72 percent of total applicants i.e. 491,000 applicants will remain empty-hand.
Nabil Investment Banking informed that the allotment date has not been fixed yet.
