Mabilung Energy IPO Allotment: Here’s How to Check the Results

Mabilung Energy Limited's initial public offering (IPO) allotment was concluded on Sunday. The issue manager, Laxmi Sunrise Capital, publicly announced the results during an official event. The company's IPO was open from Shrawan 26 to 29.

During this period, a total of 22,05,871 applications were received, but 8,289 applications were rejected for various reasons. Among the remaining 582 approved applications, only 5.68 percent were allotted shares. The remaining 94.32 percent of investors left empty-handed.

According to the results, 124,890 individuals received shares. Among them, 124,886 individuals received shares at the rate of 10 lots, while 4 individuals received shares at the rate of 11 lots.

Check IPO Result of Mabilung Energy