Ru Ru Jalbidhyut opened it’s IPO to genreal public from 20th-24th Chaitra, 2077. “16,69,019 applicants have applied for a total of 2,33,90,090 units” says CDSC. The issue has been oversubscribed by 61.68 times the number of shares also in terms of the number of applicants. Only 37,916 applicants will receive 10 shares each.
4,07,706 unit shares of the company were issued at Rs 120 per share including a premium of Rs 20. Among the total issue, 2% i.e. 8,154 units are reserved for the employees of the company while another 5% are for mutual funds i.e. 20,385 units. All remaining units (379,167) were purely for individual investors.