The initial public offering (IPO) of Sahas Urja Limited has been completed today at the Lazimpat office of issue manager NIBL Ace Capital Limited.
A total of 710,000 units valued at Rs 70 crore were made available to the general public as part of the company’s Initial Public Offering (IPO) from (Ashwin 6-10, 2078).
Out of the total of 70,00,000 units offered, 3 percent of the total offered shares to the general public, or 2,10,000 units, have been set aside for the company’s employees, and 5 percent of the total offered shares to the general public, or 3,50,000 units, have been set aside for mutual funds, according to the company. The remaining 64,40,000 units are for sale to the general public, according to the company.
The company has offered a total of 1.05 crore unit shares to locals and the general public through an initial public offering (IPO) in many rounds. The first part of the initial public offering (IPO) has already been issued and distributed to the residents of the project’s affected area.
The problem had received applications from 23,83,460 valid candidates who had applied for a total of 3,13,61,230 units. The total number of units available was 3,13,61,230. The issue was oversubscribed by more than 4.51 times its initial run size.
Following the allotment module’s instructions, a total of 6,44,000 candidates were randomly assigned ten units apiece, while the remaining 17,39,460 applicants were returned with nothing.