As per issue manager, NMB Capital, it will allot the IPO on July 23 in its premises.
The latest data shows that a total of 1.1 million applicants have applied for 11.9 million units of shares worth Rs 1.19 billion.
Given that the issue has been oversubscribed, the allotment will take place as per Securities Issuance and Allotment Guidelines under which 10 units of shares will be issued. based on this, 10,115 applicants will be provided 10 units of shares.
The company allocated 10 percent shares of its issued capital which is 121,868 units of shares worth Rs 12.1 million to the general public. Out of which it already issued 10 percent which is 12,186 units to foreign migrated workers, 5 percent i.e. 6,093 units to mutual fund and 2 percent i.e. 2,437 units to employees. The general public could apply for the remaining 101,151 units of shares.
