Share allotment of ILFCOM IPO to take place on Jestha 14

ShareSansar May 25:

The announcement regarding the allocation of shares of the Initial Public Offering of ILFCOM will be made on Jestha 14.

Kamal Khatri, assistant manager of Civil Capital Market Ltd, the issue manager for the IPO, said the delay in announcement of the share allotment was because of the earthquake but now the allotment will be conducted on Jestha 14.

ILFCOM opened its Initial Public Offering of 400,000 unit shares from Chait 17. The offer closed on Chait 20. ILFCO Microfinance IPO was oversubscribed above 57 times.

 Investors were required to invest in a minimum of 20 units and they can apply for a maximum of 1,000 units.

After the IPO, the paid up capital of the company will reach Rs 10 crore from the current Rs 6 crore. Likewise, following the IPO, the promoter-public ratio in the company will be 60% to 40%.