Barun Hydropower Company Limited concluded its IPO allotment today. ShareSansar
will publish the full IPO result on its website soon.
As per the
allotment module, while each of the investors who had applied for shares worth
above Rs 91,000 got 10 shares, the fate of investors who had applied for shares
worth Rs 90,000 or below was decided through lottery.
Barun
Hydropower Company Limited had started floating its Initial Public Offering
(IPO) from March 1 which lasted till March 4.
The company had floated a
total 4,86,000 units of ordinary shares at face value of Rs 100. The company has
allocated 24,300 units shares for the mutual funds, 9,720 units for the staff
members of the hydro power company and 4, 51,980 units for general
public.
The IPO of Barun Hydropower was oversubscribed 95 times and the
offer collected Rs 4 arba 41 crore, much more than what it had planned to
raise.
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