IPO allotment of Singati Hydro Energy Limited concludes; lucky 2,69,700 investors get 10 units each

The IPO allotment of Singati Hydro Energy Limited is concluded today i.e. 2077/12/27 in the premises of issue manager Mega Capital Markets Limited.The issue had received applications from 15,59,802 valid applicants who had applied for a total of 2,27,68,260 units. The issue was oversubscribed by more than 8.47 times.

As per the allotment module, a total of 2,69,700 applicants were allotted 10 units each via lottery, and the remaining 12,90,102 applicants were returned empty hands. 

A total of 58,000 units were allotted to the staff of the company and 1,45,000 units allotted to mutual funds.

5,728 applicants who applied for 81,410 units were disqualified as per the issue manager.

The company manager thanked all applicants for putting their vote of confidence on the hydropower company. The IPO issue attracted the second-highest number of applicants as of the issue date.