The company issued 44.9922 percent ordinary shares of its issued capital worth Rs 967.5 million from June 9-13. Accordingly, it issued 4,353,000 units of ordinary shares worth Rs 435.3 million at a face value of Rs 100. Out of the total offered units, the company allocated 4 percent i.e. 174,120 units to employees and 5 percent i.e. 217,650 units to mutual funds. Similarly, it issued 435,300 units to foreign-migrated workers. Moreover, the company issued 435,300 units of shares(including 93,961 unsubscribed units from employees’ allocation) to the general public
in the issue, a total of 1,299,727 applicants have applied, out of which, 6920 applications were canceled while 1,227,569 applications were approved.
Given that the issue was oversubscribed, the allotment took place as per Securities Issuance and Allotment Guidelines under which a minimum of 10 units of shares will be distributed through lottery.
based on this, 361,989 applicants were provided 10 units of shares. Out of them, one lucky applicant was also provided one extra unit of share.
