Modi Energy Allots IPO; 561,226 Provided 10 units of Shares

May 14, 2023 11:32 AM Merolagani

Modi Energy has allotted a recently issued initial public offering (IPO).

The company issued the IPO to the general public from May 2-7. The company issued 5,559,420 units of shares. Adding 52,840 units of unallotted shares from the employee quota, a total of 5,612,260 units were allotted to the general public.

In the issue, a total of 1,236,269 applications were received out of which 6,528 applications were canceled while 1,229,741 applications were approved.

Out of approved applications, 561,226 applicants were provided 10 units of shares through lottery.

 

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Himalayan Distillery’s Net Profit Declines by 39.5%

May 03, 2024 08:49 AM

Himalayan Distillery (HDL) has published its third quarter report of the current FY. As per the report, the company recorded a decline in sales during the review period compared to the corresponding period of the last FY.