Today 1st July 2011, SSP Corporate Service (Pvt) Ltd announce the basis of Allotment for Browns Investment IPO,
Retail Category
| Shares Applied | Basis of Allotment |
| Upto 1,000 | 100% |
| 1,001to 20,000 | 1000 shares +21.84211% of balance shares Applied (rounded nearest 100 shares) |
Non Retail Category
| Shares Applied | Basis of Allotment |
| Above 20,001 | 1000 shares +11.70667% of balance shares Applied (rounded nearest 100 shares) |
The under subscribed shares of Unit trust Category were allocated to Retail category.
Source: http://www.cse.lk/cmt/upload_cse_announcements/5781309498574_.pdf
Related sources:
http://synergyy.com/2011/06/30/browns-investment-limited-ipo-oversubscribed-by-5-33-times/
http://synergyy.com/2011/06/23/browns-investments-limited-ipo-oversubscribed/
http://synergyy.com/2011/06/18/browns-investments-limited-%e2%80%93-initial-public-offerings/
http://synergyy.com/2011/06/02/browns-investment-limited-offer-for-subscription/
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