Home / News / IPO of Ru Ru Jalbidhyut Closed Yestarday- Only 1 in 44 Applicants Will Get 10 Shares Each

IPO of Ru Ru Jalbidhyut Closed Yestarday- Only 1 in 44 Applicants Will Get 10 Shares Each

The company issued an IPO to the general public from 20th Chaitra till today, i.e. 24th Chaitra, 2077.

The company issued 4,07,706 unit shares to the general public at Rs 120 per share including Rs 20 as a premium amount. 2% of the issue, i.e. 8,154 units were set aside for the employees of the company and another 5% to mutual funds i.e 20,385 units. The remaining 3,79,167 units were purely for individual investors.

According to CDSC, 16,69,019 applicants have applied for a total of 2,33,90,090 units. This data was taken after the issue closed today. Thus, the issue is oversubscribed over 61.68 times in terms of the number of shares. The issue is also oversubscribed in terms of the number of applicants given that only 37,916 applicants will get 10 shares each.

Source- Online media

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