Prabhu Capital concludes allotment of IPO of People’s Power Company; lucky 2.29 lakh applicants receive shares out of 15.51 lakh valid applicants

Prabhu Capital has completed the allotment process of IPO of People’s Power Company on Bhadra 12,2079.

For 22.94 lakh unit available shares after allocating to mutual funds and employees of the company, the issue had received applications from 15.51 lakh valid applicants. Only 2.29 lakh lucky applicants received 10-unit shares following the lucky draw with 2 receiving 1 more unit while the rest returned empty-handed, as per the media statement.