The IPO which was issued from June 15-19 fetched 1,672,794 applications in which 1,858 applications were canceled. Out of approved applications, 6,261 applicants provided 10 units of shares. Among those too, five lucky applicants were provided one unit of additional shares.
Aadarsha Laghubitta issued 67,000 units of primary shares worth Rs 6.7 million to the general public from June 15. Out of the total offered units, the company allocated 0.5 percent i.e. 3,350 units to the mutual funds. The general public could apply for the remaining 62,615 units.
Given that the issue has been oversubscribed, the allotment will be taken place as per the Securities Issuance and Allotment Guideline.
Currently, the company has a paid-up capital of Rs 14 million that will reach Rs 20.7 million after the IPO allotment.
