Snow Rivers' IPO allotment date announced

The allotment date of the IPO issued by Snow Rivers Limited to the general public has been announced. According to the sales manager, Sanima Capital Limited, the IPO distribution of the company is planned to be done on Tuesday, i.e. on 12th of June. The company had issued a total of 778 thousand 125 shares to the general public from May 29th to May 1st. As there are more applications than the demand in the IPO, it is seen that the distribution will be done through round robin.

After allotment, about 77,812 applicants will get shares at the rate of 10 shares, while the rest of the applicants will be left empty-handed. After completion of allotment, the result can be viewed through CDSC's IPO Result Portal, My Shares and Sales Manager Sanima Capital.