Bandipur cable car recently issued its initial public offering (IPO) for the general public, attracting huge interest from investors across the country. The company will announce the results of the share allotment on Monday, Bhadra 30.
A total of 25,12,122 people applied for the IPO. However, only 4,34,108 applicants will receive shares.
This means 20,78,014 people will not get any shares. The demand for Bandipur cable car’s IPO was much higher than the available shares, making it heavily oversubscribed.
