Alumex announces basis of IPO allotment

Alumex Ltd. on Friday announced the basis of allotment for its initial public offering of 59.9 million Ordinary Voting Shares at Rs. 14 per share.

The Rs. 838 million worth IPO drew 840 applications requesting 69 million shares worth Rs. 966 million. There was heavy retail interest for the IPO.

The basis of allocation is as follows:

Public Category
Retail Individual Investor Category: 100% of shares applied
Unit Trust Investor Category: 100% of shares applied
Non-retail Investor Category: 100% of shares applied

Non Public
Applications up to and inclusive of 2.0 m shares: 100% of shares applied
Applications above 2.0 m shares and up to and inclusive of 5.0 m shares: 2.0 m shares plus 20% of shares applied over and above 2.0 m shares
Applications above 5.0 m shares and up to and inclusive of 10.0 m shares: 2.5 m shares plus 34% of shares applied over and above 2.5 m shares
Applications above 10.0 m shares and up to and inclusive of 15.0 m shares: 6.0 m shares plus 40% of shares applied over and above 6.0 m shares
Applications over 15.0 m shares: 10.0 m shares plus 47.196% of the shares applied over and above 10.0 m shares.
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