Today marks the final day for investors to apply for the initial public offering (IPO) of Sanigad Hydro Limited, which was opened to the general public on June 1.

The company has issued a total of 4.674 million ordinary shares to public investors. Applicants can apply for a minimum of 10 shares and a maximum of 20,000 shares.

Laxmi Sunrise Capital Limited is serving as the issue and sales manager for the IPO. Interested investors can submit their applications through C-ASBA member banks and financial institutions or via the Meroshare platform during banking hours today.

According to the latest data from CDSC, as of Wednesday evening, 1,979,903 applicants had submitted applications for the IPO. Investors have collectively applied for 21.904 million shares, amounting to approximately Rs. 2.19 billion.

The demand is already 4.68 times higher than the number of shares on offer, indicating strong investor interest. Given the level of oversubscription, only a portion of applicants are expected to receive shares through the allotment process.