Sonapur Minerals to allot IPO on Wednesday

Oct 08, 2023 02:15 PM Merolagani

Sonapur Minarals is set to allot a recently issued initial public offering (IPO) on Wednesday, October 11.

As per NIMB Ace Capital, issue manager of the company, a total of 1,113,855 applications have been received. Similarly, according to CDSC, applicants have applied for a  total of 14,765,120 units of shares.

The company issued 9,732,544 units of shares. Based on the data, nearly 150,000 applicants will remain empty-handed in the issue.

The company issued the ordinary shares at Rs 237.58 including face value of Rs 100 and a premium of Rs 137.58.

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