Applications for over 500 shares but less than and inclusive of 5,000 shares will get a minimum allotment of 500 shares, plus 5.00 percent of the shares applied for.
Applications over 5,000 shares but less than and inclusive of 50,000 shares will get a minimum allotment of 700 shares, plus 2.
00 percent of the shares applied for.
There were 600 applications for over 50,000 shares who will be given a minimum allotment of 1,600 shares, plus 0.38085 percent of the shares applied for.
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The Initial Public Offering of Singer Finance of 26.66 million shares at 15 rupees each was oversubscribed by a record 135 times, although mostly with bank guarantees.
"Through this basis of allotment the company has been able to fully satisfy ove