16th December 2010, Board of Directors of Panasian Power Limited announced the allotment of share as follows,
Basis Allotments for Employees 100% [15% of total Issued Shares]
Basis Allotments for Public
|Applications upto and inclusive of 25,000||:||100%|
|Applications over 25,000 shares||:||Minimum allotment of 25,000 plus 5.558719% of the shares applied over and above the 25,000 shares round to the nearest 100 shares.|
Who applied for 10,000 shares will get total of 10,000 shares
Who applied for 30,000 shares will get as
25,000 + [5,000 * 5.558719%] = 25,278 shares.
Round nearest 100 as, 25,300 shares.