Reliance Lotus Finance to distribute FPO share certificates from today

Reliance Lotus Finance Limited (RLFL) is distributing FPO share certificate to its shareholders from today (Falgun 30, 2072).

As per the notice published today, the investors to whom the shares have been allotted can collect their share certificate from the collection center where they had submitted their IPO forms.

Furthermore, the allotment advice along with identity card of the investor is mandatory to collect the share certificate.

Reliance Lotus Finance had floated 5, 10,988 unit FPO shares and had concluded its allotment on Magh 10, 2072 at the premises of issue manager NCM Merchant Banking Limited.

Those shareholders who had applied for the FPO shares will also entitled to the 20% bonus share declared by the finance company.

Investors who had applied from Rs 9000 or 90 units to Rs. 50, 000 or 500 units were allotted 13.2%. Investors who had applied Rs 51,000 or 510 units and above were allotted 8.23 %. The investors who applied from 50 to 8 units got 10 units each. Every valid applicant got the share as there was no lottery.

Of the total 6571 applicants’ 6570 investors got the shares. There was only one invalid applicant.