IPO Allotment Knocking: Samaj Laghubitta, Reliance Life Insurance, and Liberty Energy Company

Fri, Aug 28, 2020 1:40 PM on IPO/FPO News, IPO/FPO Result News, Latest,

The IPO issues of three companies: Samaj Laghubitta, Reliance Life Insurance, and Liberty Energy were recently concluded.

Based on the information received by Sharesansar, all three companies are allotting the IPO shares.

The pre-allotment of Reliance Life Insurance has completed today. Previously, the issue manager Sanima Capital had reported 6,06,331 applications for a total of 2,41,31,870 units. In contrast, only 5,89,464 applications were received in the IPO issue.

Based on the allotment module forwarded today, applications for 71,590 units from 1,955 applicants were disqualified for various purposes. Now, only the lucky 5,67,000 applicants from the valid 5,87,509 applicants will get 10 units each.

This also means that 20,509 valid applicants will be empty-handed.

Reliance Life Insurance Company's IPO is going to be allotted today shortly. It will be streamed live on Sanima Capital's Facebook page. 

Meanwhile, Samaj Laghubitta's allotment is expected to happen tomorrow and Liberty Energy Company's allotment on Monday.