As per Sanima Capital, issue manager of the company, the company has already completed pre-allotment of the IPO, thus, it will allot the IPO today at 3:00 PM in its premises.
According to the company, a total of 1,845,067 applicants have applied for 21,935,010 units of shares worth Rs 2.19 billion.
The company issued 1.5 million units of primary shares to the public from June 3. Out of the total offered units, the company has secured 4 percent i.e. 60,000 units to employees and 5 percent i.e. 75,000 units to mutual fund. The general public could apply for the remaining 1,365,000 units of shares.
As the issue has been oversubscribed by 16.07 times, the allotment will be taken place as per Securities Issuance and Allotment Guidelines under which the applicant will receive only 10 units of shares through lottery.
In the allotment, only 136,500 applicants will be allotted 10 units of shares.
