As per Muktinath capital, issue manager of the company, the company is preparing to allot the IPO on Friday after completing pre-allotment.
As per latest data of CDS and Clearing, a total of 2,383,407 applicants have applied for 27,884,570 units of shares. The issue has been oversubscribed by 19.37 times.
The company issued a total of 1,439,179 units of shares. Given that the issue has been oversubscribed, the allotment will took place as per Securities Issuance and allotment Guideline under which 143,917 applicants will be provided 10 units of shares through lottery which means nearly 2.2 million applicants will remain with empty hand.
