Allottment for the IPO of Ajod Insurance Limited is going to be held on Friday (Shrawan 2) at 3 PM at the premises of NIBL Ace Capital.
Ajod Insurance Limited has issued 30,00,000 units ordinary shares worth Rs 30 crore to the general public.
4% of the issued share capital i.e. 1,20,000 units are set aside for the employees of the company and 5% i.e. 1,50,000 units have been set aside for the mutual funds. The remaining 27,30,000 units are for the general public.
CRNL has graded ‘CARE-NP IPO Grade 4’ to the proposed Initial Public Offer (IPO) of AJOD Insurance Limited (AIL). ‘CARE-NP IPO Grade 4’ indicates Below Average Fundamentals.
As said by NIBL Ace Capital Limited, the issue has is oversubscribed by 6.6 times with 4,98,649 applicant applying till last day.
How to check IPO Result of Ajod Insurance?
You can check the IPO Result of Ajod Insurance Limited from meroshare.
For step by step guide on how to check IPO Result of Ajod Insurance Limited click here.