Scan Group: Individual shareholders eat humble pie

The long awaited Scangroup share allocation results of the initial public offer is out and it’s a big blow this time for the individual investors who will have to contend with a minimum of 300 shares and a maximum of 6,100 shares.

The 2,913 corporate investors will have to contend with only 31 million shares out of the 138 million shares they had applied for. The employees will get 3.45 million shares out of the 6.29 million shares they had applied for.

Here is a brief share allocation criterion for the individual investors

 

Offer shares applied                          Offer shares allotted

 Between 500 and 1000                       300

Between 1,100 and 5,000                    400

Between 5,100 and 10,000                  500

Between 10,100 and 15,100                600

Between 15,100 and 25,000                700

Between 25,100 and 50,000                800

Between 50,100 and 75,000                900

Between 75,100 and 100,000              1000

Between 100,100 and 500,000            1,500

Between 500,100 and 2 million             3,000

Over 2 million                                       6,100