Today December 24, 2010.Singer Finance announced the share allotment for the Initial public offering [IPO]
Basics of allotment of public Category of share allotments
| Applications up to and inclusive of 500 shares | 100% of shares applied |
| Applications over 500 shares but less than and inclusive of 5,000 shares | A minimum allotment of 500 shares, Plus 5.00% of shares applied over and above 500 shares rounded to the nearest 100 shares |
| Applications over 5,000 shares but less than and inclusive of 50,000 shares | A minimum allotment of 700 shares, Plus 2.00% of shares applied over and above 5,000 shares rounded to the nearest 100 shares |
| Application over 50,000 shares | A minimum allotment of 1,600 shares, Plus 0.38085% of shares applied over and above 50,000 shares rounded to the nearest 100 shares |
Employee Category and share allotments
| Applications up to and inclusive of 25,000 shares | 100% of shares applied |
| Application over 25,000 shares | A minimum allotment of 25,000 shares, Plus 2.15% of shares applied over and above 25,000 shares rounded to the nearest 100 shares |
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