Shikhar Insurance distributing FPO share certificates from today; LTP stood at Rs 1454

Shikhar Insurance Company Limited (SICL)is distributing FPO share certificate to its shareholders from today (7^thMagh 2072). NIBL Capital Markets Limited is the issue manager. The share certificate should be collected from the collection center where the FPO was applied. Shikhar Insurance had floated its Further Public Offering (FPO) of 5, 10,988 kittas shares at Rs 650 per unit from Mangsir1 to Mangsir 21. FPO collected Rs. 4 arba 39 crore (Oversubscribed by 13.23 times) from total 17,161 applications. Allotment for investors who had applied from Rs 6,500 or 10 units to Rs 19,500 or 30 units shares on Small investors category and from Rs 52,000 or 80 units to Rs 1,17,000 or 180 units on Other/ Big investors category was decided through lottery and remaining investors who had applied for Rs  26,000 or 40 units to Rs 45,500 or 70 units were allotted 32.5 % to 31.42 % on pro-rata basis. And the other investors applied for Rs 1,23,500 or 190 units to Rs 6,50,00,000 or 1,00,000 units were allotted 5.26 % to 4.90 % on pro rata basis. Of the total 5, 10,988 unit shares set aside for public, 40% or  2,04,395 shares, were put aside for retail investors and 60% or 3,06,593 shares, under “other investor” category. Of the total 17,161 applicants’ only 17,152 investors got the shares. There were only 9 invalid applicants. Notes:

1. Shareholders have to bring Allotment Advice along with photocopy of citizenship certificate.
2. Original Allotment Advice and photocopy of citizenship card along with Letter of Authorization can be sent to the representative if the shareholders cannot collect FPO share certificate.

The LTP of the insurance company remains at Rs 1454 on January 20.