As a result, only 68,474 of the 23,96,650 applicants received units in Mailung Khola Jal Vidhyut Company‘s Initial Public Offering; the remaining applicants returned empty-handed.
There has been a successful completion of allotments of Mailung Khola Jal Vidhyut Company Limited’s initial public offering at the office of issue manager Siddhartha Capital Limited.
A total of 7,36,286 units were sold in the Initial Public Offering (IPO) by Mailung Khola Jal Vidhyut Company Limited; the total value was Rs 7.36 crore.
The offered 7,36,286 shares represent 2% of the total offered shares to the general public, i.e. 14,726 shares. A total of 36,814 shares, or 5% of the total shares offered to the public, are set aside for the mutual funds. Sixty-four thousand seven hundred forty-six units are for the general public.
A total of 2,68,40,880 units had been applied for by 20,65,124 valid applicants. More than 39.20 times were oversubscribed to this issue.
In accordance with the allotment module, a total of 68,474 applicants were allotted 10 units each via lottery, and six lucky applicants received one additional unit, while 19,96,650 applicants were returned empty handed.
Staff of the company received 14,726 units and mutual funds received 36,814 units.
We disqualified 2,843 applicants out of 38,680 who applied.