In the issue, a total of 1,185,206 applicants had applied for 12,986,390 units of shares out of which 107,466 applicants were cancelled and 1,077,740 applications were approved.
Given that the IPO was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines under which a minimum of 10 units of shares were allotted to 643,660 applicants. Among them too, 7 lucky persons were provided additional one unit of shares.
The company issued 30 percent of its issued capital i.e. 840,000 units worth Rs 84 million to the general public. Out of it, it issued 56,000 units to foreign migrated workers and 280,000 to locals of affected area. In the issue, 87,670 nits were allotted and 192,000 units were unsubscribed. The company issued 696,330 units of shares including the unsubscribed units. Moreover, the company allotted 15,047 units to employees and 37,616 units to mutual funds. The general public could apply for the remaining 643,667 units of shares.
