On the second day, Sahas Urja Limited’s initial public offering (IPO) was oversubscribed 2.91 times —

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Sahas Urja Limited has launched an initial public offering (IPO) 7,000,000 ordinary shares worth Rs. 70 crores, which will be to general public starting today. The issue will end on Ashwin 10, 2078, because it was oversubscribed on the first day.

This equates to 0% of total amount raised. The mutual funds account 3,50,000 units, or 5%, of total of 70,00,000 units. The company’s employees will receive 3% of the total units, or 2,10,000 units, while the general public would receive the remaining 64,40,000 units.

The issue manager the IPO issuance has been named NIBL Ace Capital Limited. According to the issue manager, a total of 1,81,000 people have applied 1,87,75,000 units. This is the information as of today at 5: 30 p.m. As a result, the issue is already 2.91 times oversubscribed on the second day.

A minimum of 10 units and a maximum of 1,050,000 units can be applied for.

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