Ru Ru Jalbidhyut Limited has conducted their IPO allotment today (2078/01/03). Only 37,916 investors got 10 units each through lottery, and the remaining applicants got nothing. The luckiest 7 investor got 1 unit extra.
The company opened their IPO to the general public from 20th-24th Chaitra, 2077 NMB Bank Limited as issue manager. . Altogether, 4,07,706 unit shares were issued to the general public at the rate of Rs. 120 per share Rs.20 as a premium amount included. The company reserved 2% of the issue i.e. 8,154 units for the employees if the company and 5% to mutual funds i.e. 20,385 units. The remaining 3,79,167 units are for individual investors.
The total valid application received was 15,90,896 who applied for a total of 2,18,76,610 units. The issue was oversubscribed by more than 8.47 times.
Furthermore, 26 staff of the company got 8,154 units and 20, 385 units were allotted to mutual funds.