Sahas Urja IPO will be distributed on Sunday (Aswin 17). According to sales manager NIBL ACE Capital, the IPO will be distributed at NIBL ACE Capital office at 9 am on Sunday. The application was received more than 34.3 million units. The application has been received from more than 24 lakh 62 thousand applicants.
This is 5.62 times more than the demand from the public. Sahas Urja had
opened of 6.4 million units IPO to the public from Aswin 6. Total 644,000
applicants will get shares at the rate of 10 units through lottery.
Out of the total 7 million shares, 5% (350,000 shares) have been
allotted to mutual funds and 3% (210,000 shares) to the employees of the company
and the remaining shares have been sold to the public. NIBL ACE Capital has acted
as the sales manager.
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