IPO of Sahas Urja Limited Concludes With 24,74,436 Applicants

Sahas Urja Limited has concluded the IPO issue for 7,000,000 units of ordinary shares worth Rs. 70 crores to the general public yesterday, i.e. Ashwin 10, 2078.

This is 20% of the total issued capital. From the total of 70,00,000 units, 3,50,000 units i.e., 5% were for mutual funds. 3% of the total units i.e., 2,10,000 units were for the employee of the company, and the remaining 64,40,000 units were opened for the general public.

NIBL Ace Capital Limited was appointed as the issue manager for the IPO issuance. According to the issue manager, 24,74,436 applicants have applied for a total of 3,44,98,390 units. This is the data reported after the issue closed yesterday. Thus, the issue is oversubscribed over 5.35 times.