IPO allotment of Sanima Mai Hydro Power shares resulted as 3.65% for small investors, 2.97% for big investors; and up to 240 under lottery system.
The allotment of IPO share of Sanima Mai Hydropower Limited has taken place today.
As less than 40 percent of the applicants were from the small group, the allotment was made at 3.65 percent for small investors, and 2.97 percent for the big investors.
Likewise, the applications for up to 240 units were put to lottery as minimum required 10 units had to be allocated to the applicants from the smaller group.
The 21.1 lakh unit of the total IPO for general public was oversubscribed by 31 times, the issue manager NIDC informed during the allotment held at Sanima Mai’s office at Naxal today afternoon.
Of the total 66,333 applications, only 65,752 applications were valid, which included 48,559 from the small investors category.
However, investors will have to wait untill Tihar festival is over for the cash refund.
Click below to view results.
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