EXPOLANKA ANNOUNCES BASIS OF ALLOCATION
Expolanka Holdings last week announced the basis of allocation on its Rs. 2.4 billion IPO which was oversubscribed by 5 times drawing near 13,000 applications.
Applicants under retail category will get 100% of their requests whilst the rest will be allotted on the following basis.
Nonretail Category
Shares Applied Basis of Allotment Up to 71,000 100%
71,100 – 4,000,000 71,000 shares + 16.000000% of the balance shares applied. The percentage is applied after deducting 71,000 shares rounded to nearest 100 shares.
4,000,100 – 10,715,000 699,600 shares +4.000000% of the balance shares applied. The percentage is applied after deducting 699,600 shares rounded to nearest 100 shares.
10,715,100 – 26,785,000 1,100,200 shares +3.889837% of the balance shares applied. The percentage is applied after deducting 1,100,200 shares rounded to nearest 100 shares.
26,785,100 and above 2,099,300 shares + 3.285000% of the balance shares applied. The percentage is applied after deducting 2,099,300 shares rounded to nearest 100 shares.
source - www.ft.lk
Applicants under retail category will get 100% of their requests whilst the rest will be allotted on the following basis.
Nonretail Category
Shares Applied Basis of Allotment Up to 71,000 100%
71,100 – 4,000,000 71,000 shares + 16.000000% of the balance shares applied. The percentage is applied after deducting 71,000 shares rounded to nearest 100 shares.
4,000,100 – 10,715,000 699,600 shares +4.000000% of the balance shares applied. The percentage is applied after deducting 699,600 shares rounded to nearest 100 shares.
10,715,100 – 26,785,000 1,100,200 shares +3.889837% of the balance shares applied. The percentage is applied after deducting 1,100,200 shares rounded to nearest 100 shares.
26,785,100 and above 2,099,300 shares + 3.285000% of the balance shares applied. The percentage is applied after deducting 2,099,300 shares rounded to nearest 100 shares.
source - www.ft.lk
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