IPO allotment of Ajod Insurance; lucky 2,73,000 investors get 10 units each and remaining 2,11,498 applicants return empty hand.
Kathmandu. Azod Insurance has issued an IPO on Friday. The company has distributed 3 million IPO lots sold to the public from July 11 to 12. In the distribution made on the basis of goal system, 273,000 people have received shares at the rate of 10 lots.
Check IPO Result of Ajod Insurance Limited
4 lakh 85 thousand 498 eligible applicants were included in this IPO distribution. A total of 4,85,371 applications were received and 873 applications were rejected due to non-compliance, said NIBL S Capital, sales manager. The hands of 211,498 applicants for the IPO purchase of Ajod have been emptied.
The company had sold the remaining 2.7 million IPO shares to the public out of a total of 3 million shares reserved for 120,000 employees and 150,000 for collective investment funds.
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