Swet Ganga Hydropower Allots IPO; Lucky 5 Provided 5 Units

Aug 03, 2022 09:26 AM Merolagani

Swet Ganga Hydropower and Construction has allotted the recently issued IPO in the premises of Sanima Capital, its issue manager.

The company issued 15 percent shares of its issue capital to the general public from July 20-24. It issued 2,389,500 units of primary shares at a face value of Rs 100.

Out of the total offered units, the company secured 5 percent i.e. 119,475 units of shares to mutual funds. The general public could apply for the remaining 2,270,025 units.

In the issue, a total of 1,546,945 applicants had applied for the shares, out of which, 1,539,505 were approved. Out of the approved applications, 227,002 applicants were provided 10 units of shares through lottery. Out of them too, 5 applicants were provided additional 1 unit of shares making 11 shares.

 

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