Sanima Mai hydropower distributing IPO share certificates from JAN 1

Sanima Mai Hydropower Limited is distributing IPO share certificates from today, two months after the allotment of the primary shares.

The allotment of IPO equity shares of Sanima Mai Hydropower Limited had taken place on November 1.

The 21.1 lakh unit of the IPO issue by the hydropower company was oversubscribed by 31 times, according to the issue manager, NIDC.

The share certificates can be collected at the office of NCM Merchant Banking Limited, a subsidiary of NIDC. - SSN