The IPO allotment result will be published on Sunday 13 Feb, 2022 5 PM at Prabhu Capital Limited.
According to Prabhu Capital, the manager of share issue and sale, the shares of microfinance will be distributed at 5 pm today.
Microfinance had issued 522,000 IPOs worth Rs 52.2 million since January 7. Of that, 0.5 percent or 8,000 shares have been secured for employees and 5 percent of the shares allotted to the general public or 26,100 shares have been secured for collective investment funds. The remaining 4 lakh 87 thousand 900 shares will be distributed to the public only.
According to CDS & Clearing, 2,659,540 applicants have applied for 3,25,20,580 shares worth Rs. 3,252,058,000.
This is 66.65 times more than the 4,87,900 allotted to the general public.
As there are more applications than demand, the shares will be distributed at the rate of minimum 10 lots as per the Securities Issuance and Distribution Directive. Accordingly, only 48 thousand 790 lucky applicants will get the share of microfinance.
It is seen that more than 2.6 million people will not get shares when the shares are distributed at the rate of minimum 10 lots.
At present, the paid up capital of microfinance is Rs. 107.8 million. After the IPO allotment, the paid up capital of microfinance will reach 160 million.