Pre-allotment in final stage; IPO oversubscribed by 11.66 times
The IPO allotment result of Daramkhola Hydropower Energy Limited is expected to be published next week. According to the issue manager, Laxmi Sunrise Capital, the pre-allotment process is in its final phase, and preparations are underway to complete the allotment within the coming week.
The IPO received an overwhelming response from investors. As per the data provided by CDS and Clearing Limited (CDSC), a total of 23,72,926 applicants applied for 2,82,52,150 units of shares by the closing day on 19th Shrawan. This translates to an oversubscription of 11.66 times.
Due to the oversubscription, shares will be allotted through a lottery system (golapraatha). Only around 2,42,318 applicants will be allotted shares, while over 21 lakh applicants will not receive any allotment.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
