The Initial Public Offering (IPO) of Pure Energy Limited has been allotted. The share issuance and sales manager, Nabil Investment Banking Limited, conducted the allotment on Thursday.

A total of 119,520 applicants received 10 units each of Pure Energy's IPO.

According to the issue manager, out of 1,854,497 applicants who applied for 21.53 million shares, 1.846 million applications were approved. Among those approved, 1.727 million applicants did not receive any shares due to the oversubscription.

Pure Energy had issued 1.195 million shares worth Rs 119.52 million to the general public at a face value of Rs 100 per share. The IPO was open from April 10 to 15.

The IPO results can be viewed on the websites of Pure Energy, the issue manager Nabil Investment Banking, and CDSC.