Sanima General Insurance's IPO allotment will be held on 30th Asoj, Friday according to issue manager NIC Asia Capital. The pre-allotment will be done on 29th Asoj, Thursday.
Out of the total 30 lakhs units issued to the general public, 1 lakh 20 thousand units was reserved for the company's employees and 1 lakh 50 thousand units was reserved for the mutual funds and institutional investors, and IPO application for the remaining 27 lakhs 30 thousand units was called from the general public.
A total of 8 lakhs 83 thousand 623 applicants had applied for 1 crore 90 lakhs 12 thousand 340 units, which is 6.96 times more than the issued units. Hence, only 2 lakhs 73 thousand applicants will be alloted 10 units each via lottery and remaining 6 lakhs 10 thousand 623 applicants would not get any shares, i.e. 69.10 percent investors would be empty handed.
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