IPO of Sparsha Laghubitta has been oversubscribed by 8.33 times in the first day.
As per Sanima Capital, 75,000 applicants can applied for 21,00,000 units of share till 5 PM. It has collected Rs. 21 crore in first day.
The company is issuing 269,630 units of share at the rate of Rs.100 from today, It will be closed on 29 Falgun 2075.
It had allocated 0.5% or 4,148 units for employees, 5% or 13,482 units for existing mutual funds and remaining 2,52,000 units for general public.
Applicants can apply for minimum 10 units and maximum 1,340 units from C-ASBA approved Banks & financial institutions.
Sanima Capital limited has been appointed has issue manager for IPO.
