How Many Have Applied for IPO of Singati Hydro Till This Moment? How Many Units Should I Apply For?

Singati Hydro Energy Limited has opened its IPO to the general public from 6th Chaitra. The issue will close on 10th Chaitra, 2077.

The company has a total of 1.45 crore registered shares of which 29 lakh shares have been issued in this IPO. Thus, the IPO will raise a total of Rs. 29 crores in paid-up capital.

2% of the issue, i.e. 58,000 units have been set aside for the employees of the company and another 5% to mutual funds i.e 1,45,000 units. The remaining 26,97,000 units are purely for individual investors. Investors can apply for a minimum of 10 units and a maximum of 2,00,000 units.

Mega Capital Markets Limited has been appointed as the issue manager for the IPO issuance.

The company is issuing 43,50,000 units IPO shares, out of which 14,50,000 units share is already offered to locals of project affect areas in the first phase and the remaining shares are now offered to the general public in the second phase.

After the issuance of shares to locals and general public company capital will be Rs 1.5 Arba and public and promoter shares holding will be 70:30.

According to CDSC, the IPO has received 8,70,409 applications for a total of 1,37,90,820 units. This is data as of 4: 43 pm today. Thus, the issue is already oversubscribed over 5.11 times. The lottery is also now confirmed for 10 units each to lucky 2,67,700 applicants. Thus, investors who haven't applied till now may only apply for 10 units.