How Many Have Applied for Public Issue of "People's Power" So Far?

Wed, Aug 17, 2022 11:04 AM on Latest, IPO/FPO News,

CDS & Clearing Limited (CDSC) has reported the data of public IPO collection of People's Power Limited (PEPL) as of 10 am today i.e Bhadra 01.

People's Power has been issuing its 24,67,400 unit IPO shares to the general public from 31st Shrawan and will conclude on 5th Bhadra, 2079. If it is not fully subscribed the issue will be extended up till Bhadra 14, 2079. Out of the total 24,67,400 units; 2% of the total offered shares i.e. 49,348 units have been set aside for the employees of the company and 5% of the total offered shares i.e. 123,370 units have been set aside for the mutual funds. The remaining 22,94,682 units are for the general public. The paid-up capital of the company will reach to Rs. 63.26 Crores after the IPO issuance.

Prabhu Capital is appointed as the issue manager for the IPO issuance. Applications can be placed for a minimum of 10 units and a maximum of 50,000 units.

According to CDSC, 5,12,364 applicants have applied for a total of 6,003,650 units. Thus, the issue is already oversubscribed by 2.61 times so far.