Desk by Karuna
Adarsh Microfinance’s IPO has been allotted. In a short period of time, there were more applications for the purchase of shares than the general public wanted. According to sales manager BOK Capital Market Limited, 1,858 of the 1,674,652 applications were rejected.
6,261 general investors in all have received shares as a result of the deal. Five of them received 11 lots, while the others received 10 lots. Adarsh had issued Rs 6.7 million with 67,000 IPOs. The invitation letter was made public by BOK Capital on June 6.
0.5 percent, or 1,035 shares, were allocated for workers, and 5 percent, or 3,350 ordinary shares, were reserved for collective investment funds. Adarsh Microfinance has secured 0.5% of the issued capital at the face value of Rs. 100 per share of Rs. 67,000. The general public was asked to purchase the remaining 62,615 units of ordinary shares.
source: Adarsh Microfinance
