The IPO distribution of Sanigad Hydro is happening tomorrow, will you get shares in your hands?

The initial public offering (IPO) of Sanigad Hydro Limited (SGHL) is all set to take place tomorrow. According to the sales manager LS Capital Limited, the allotment program is scheduled to be held tomorrow.  The company had issued 4.674 thousand shares of ordinary shares to the general public. Due to the fact that millions of investors have applied for the IPO, there have been more applications than the demand. According to the available data, more than 27 lakh 59 thousand applications have been received and the total demand is about 6.45 times more than the issued shares. Due to this only limited applicants will get minimum 10 shares through Gola Pratham.

After the allotment is completed, investors can view the results through CDSC's IPO Results Portal, Mere Shares and Sales Manager LS Capital's website. Due to the high number of applications, it is estimated that most applicants may return empty-handed. According to the data, it seems that only about 467,000 applicants are likely to get shares.