The company issued 10 percent of its issued capital worth Rs 1.67 billion to the general public from May 8-11. Accordingly, it issued 1,674,000 units of shares having a face value of Rs 100 which amounts to Rs 167.4 million. Out of the total offered units, the company allocated 167,400 to foreign migrated workers and 83,700 to mutual funds and 66,960 to employees. The general public could apply for the remaining 1,355,940 units of shares.
In the issue, a total of 1,092,667 applicants have applied for 11,895,370 units of shares worth Rs 1.18 billion. Out of total applications, 4,992 applications were cancelled and 1,092,667 applications were approved.
Given that the issue was oversubscribed, the allotment took place as per Securities and Allotment Guidelines under which 135,594 applicants were provided 10 units of shares through lottery.
